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As a general matter, the money you receive for donating plasma is taxable income. That income must be reported on your tax returns whether or not you get
a 1099
from the plasma center.
Once you enter your plasma donation income, TurboTax will help you determine if you qualify for EIC. While your student loans are not income, the fact that you have income from the plasma donation should help you qualify. I have put EIC information below.
In order to get the earned income credit (EIC), you must have "earned income" that falls within these brackets
For Tax Year 2017, the EITC phases out entirely (is not available) for taxpayers with an adjusted gross income of:
.For more information on EIC, see:
https://turbotax.intuit.com/tax-tips/tax-deductions-and-credits/earned-income-credit/L4lmLBNWa
As a general matter, the money you receive for donating plasma is taxable income. That income must be reported on your tax returns whether or not you get
a 1099
from the plasma center.
Once you enter your plasma donation income, TurboTax will help you determine if you qualify for EIC. While your student loans are not income, the fact that you have income from the plasma donation should help you qualify. I have put EIC information below.
In order to get the earned income credit (EIC), you must have "earned income" that falls within these brackets
For Tax Year 2017, the EITC phases out entirely (is not available) for taxpayers with an adjusted gross income of:
.For more information on EIC, see:
https://turbotax.intuit.com/tax-tips/tax-deductions-and-credits/earned-income-credit/L4lmLBNWa
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