Part of that is correct. People that get a W-2 will qualify; however, people that are self-employed and that may get a 1099-MISC, 1099-NEC or possibly a 1099-K can qualify as earned income for income tax purposes.
The point that @JulieS made is that self- employment tax is not included. The self-employment tax rate is 15.3%. That rate is the sum of 12.4% for Social Security and 2.9% for Medicare.
@KevinNg131
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
