If capital loss from stock trading brings your net income under the $15,000 threshold for single with no dependents, are you eligible for the Earned Income Tax Credit?

virtuoustax · ‎June 4, 2019

MinhT · ‎June 4, 2019

No, you do not qualify for the Earned Income Credit if your earned income exceeds $15,010 (single, no dependent), even if capital losses bring your Adjusted Gross Income (AGI) below that limit. Both earned income and AGI must not exceed $15,010 to qualify for the Earned Income Credit.

Please read this TurboTax FAQ:

https://ttlc.intuit.com/replies/3299933

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View solution in original post

MinhT · ‎June 4, 2019

No, you do not qualify for the Earned Income Credit if your earned income exceeds $15,010 (single, no dependent), even if capital losses bring your Adjusted Gross Income (AGI) below that limit. Both earned income and AGI must not exceed $15,010 to qualify for the Earned Income Credit.

Please read this TurboTax FAQ:

https://ttlc.intuit.com/replies/3299933

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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If capital loss from stock trading brings your net income under the $15,000 threshold for single with no dependents, are you eligible for the Earned Income Tax Credit?