How can I qualify for earned income credit if I am married?
Can I deduct an Earned Income Credit on my tax return? The earned income credit is a special credit which lower income workers can deduct on their tax return. The earned income credit can be claimed on a tax return not only by workers with qualifying children, but also by workers with no children under certain circumstances. The earned income credit reduces the amount of tax you owe (if any) on your tax return and is intended to offset some of the increases in living expenses and social security tax. The earned income credit is not a tax deduction; it is subtracted directly from the amount of tax you owe on your tax return, so you end up paying less tax and you may get some money back from the government. Even if you had no tax withheld or do not owe any tax to the IRS on your tax return, you might still get some money back because the earned income credit is a “refundable credit”. The earned income credit can be claimed on Form 1040EZ, however, several requirements must be met. If you
Sorry but if your joint income is above the limit for the EIC you are no longer eligible. You cannot file a separate return either. The EIC is not payable at all if your filing status is Married Filing Separately. The EIC is for low income families and extremely low income singles. You’re no longer classified as low income.
