“If you are married filing jointly and your spouse has not worked in all of 2011 do you list them as a dependant????”====>No I don’t thinks ; a spouse can NEVER claim another spouse as his/her dependent; Spouses are not dependents of each other
“ I was wondering if we would qualify for Earned Income Credit. We also have a 10 year old child. “====>Earned Income Tax Credit, is a benefit for working people who have low to moderate income. A tax credit means more money in your pocket. It reduces the amount of tax you owe and may also give you a refund. To claim EITC on your tax return: You must have earned income from working for someone else or running or operating a business ;Your filing status cannot be married filing separately ;You cannot be a qualifying child of another person ;You must meet the earned income, AGI and investment income limits (income limits change each year),
And you must meet one of the following:
Have a qualifying child
If you do not have a qualifying child, you must:
be age 25 but under 65 at the end of the year, and
not qualify as a dependent of another person. If you qualify for EITC, you have to file a tax return with the IRS, even if you owe no tax or are not required to file. |