Level 2

posted Aug 28, 2024 10:46:49 AM

self employed and EIC

Please tell me that self employed can get EIC?

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2 Replies

Level 15

Aug 28, 2024 10:50:16 AM

Yes. If you have a net profit on schedule C you qualify for the EIC.

What is Earned Income?
https://itap1.for.irs.gov/owda/0/resource/Commentary_Files_Redirect_ITA/en-US/help/eihave.html

Level 15

Aug 28, 2024 10:53:02 AM

And see, EIC Qualifications
https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-credits-deductions/qualifications-earned-income-credit-eic-eitc/L7w4BFP32_US_en_US?uid=m0e5koqu