Head of household receive earned income tax credit?

If filing head of household in taxes, is the earned income tax credit eligible for HOH? what is the maximum amount? And is that amount figured by gross or net wages? I did look on the gov website but it wasnt clear and I didnt see a mention of the EIC for HOH. thanks for any help.

Head of household receive earned income tax credit?

Filing as Head of Household and claiming the EIC are two separate and distinct isues. It%26#039;s possible to file as HoH but not be eligible for the EIC and it is also possible to claim the EIC without filing as HoH.

You generally can file as HoH if you are unmarried or are %26quot;considered unmarried%26quot; AND you paid more than half of the cost of maintaining a household AND a qualifying person lived in that household for more than half of the year. A qualifying person can be your dependent child or other certain close blood or family relatives. If the qualifying person is your parent they do not have to live in the household with you.

The EIC is payable to anyone whose filing status is anything other than Married Filing Separately and who meets the other qualifications. The rules are too complex to go into here in their entirety but you can collect it if your income is within certain limits. If you don%26#039;t have a qualifying child or children you must be between the ages of 25 and 64. If you have a qualifying child or children there are no age requriements.

The EIC is based upon you EARNED INCOME only. Other types of income are not eligible and if you have more than $2,900 in investment income you are ineligible for the EIC.

See IRS Pub 501 for full details on filing as Head of Household and IRS Pub 596 for full details on claiming the EIC. Both are available on the IRS website.

Head of household receive earned income tax credit?

You%26#039;re welcome. TFTP. Report It

Head of household receive earned income tax credit?

Yes you can file HOH and be eligible for EIC. All taxes are figured by gross wages. You have to be a certain age or have at least 1 dependant to claim EIC though. I think the age is 25. I beleive the max EIC is some where around $5,000. But you have to make somewhere around $12,000 to get that much. The more you make the less you get...I think it startes going down aroud $15,000

Head of household receive earned income tax credit?

If you look at the EIC table, you%26#039;ll see HOH at the top of the column that also includes single. If you meet the other requirements for getting EIC, filing as HOH doesn%26#039;t change that you are eligible.