BrittanyS
Expert Alumni

Self employed

You can still claim the Earned Income Credit (EIC) and Child Tax Credit (CTC) if you are self-employed.  To qualify for the EIC you must meet the following requirements:

 

  • Have worked and have earned income under $59,187
  • Have investment income below $10,300
  • Have a valid Social Security Number
  • Be a US citizen or resident alien all year
  • have a qualifying child

 

TurboTax can help you determine if you qualify for the EITC and the CTC.  To check if you qualify you can follow these steps in TurboTax Online:

 

  1. Click Deductions & Credits on the left-hand side of the screen
  2. Click See all tax breaks
  3. Click Show more under you and your family
  4. Click Start Under Earned Income Credit (EIC)
  5. Complete interview questions
  6. Click Start on Child and Other Dependent Tax Credits
  7. Complete interview questions

For more information on Who qualifies for the EIC and CTC see these links:

 

Earned Income Tax Credit

Who Qualifies for the EIC?

Child Tax Credit

 

@rachelbesonen

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