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Being retired this whole year,can I still claim my grandkids for EITC ..my income is social security and two pensions.they live with me fulltime.

 
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Being retired this whole year,can I still claim my grandkids for EITC ..my income is social security and two pensions.they live with me fulltime.

EITC is for Earned Income Tax Credit.  You need earned income from W2 wages or a Net Profit from self employment income on schedule C to qualify for it.  SS and pensions and 401K and IRAs don't qualify.

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Being retired this whole year,can I still claim my grandkids for EITC ..my income is social security and two pensions.they live with me fulltime.

EITC is for Earned Income Tax Credit.  You need earned income from W2 wages or a Net Profit from self employment income on schedule C to qualify for it.  SS and pensions and 401K and IRAs don't qualify.

Being retired this whole year,can I still claim my grandkids for EITC ..my income is social security and two pensions.they live with me fulltime.

You can still claim them as dependents if they qualify as your dependents.
Hal_Al
Level 15

Being retired this whole year,can I still claim my grandkids for EITC ..my income is social security and two pensions.they live with me fulltime.

Any part time employment will earn you a generous EITC, with two kids as much as 40% of your wages. That assumes your pension income isn't so high as to wipe out the EITC.
The earned income credit is first calculated (actually looked up in a table) on your earned income then it is calculated on your total income (AGI). You get the lesser of the two calculated EIC numbers. See the 2017 EIC table at:
<a rel="nofollow" target="_blank" href="https://apps.irs.gov/app/vita/content/globalmedia/earned_income_credit_table_1040i.pdf">https://apps...>

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