Does the Earned Income Tax Credit apply to single people?
What criteria must a person meet in order to qualify for the earned income tax credit?
- Had a job in the previous tax year where they earned at least $1. - Have income that is within the home situation's income criteria.
- Had a job in the previous tax year where they earned at least $1. - Have income that is within the home situation's income criteria.
Have investment income from the prior tax year of less than $10,000. - Possess a current Social Security number by the time your tax return is due (including extensions)
Be a resident immigrant or US citizen for the whole year. Not submitting Form 2555 (related to foreign earned income)
Generally speaking, the income requirement rises with the number of children claimed. Obviously, joint filers will have a larger threshold than single taxpayers.
Even if you don't have kids, you may still be eligible for the EITC if you meet a new set of standards in addition to the usual ones.