I have 4 kids I support, I own my house. would I get earned income credit? Can I go back and file for the last 5 yrs?
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Yes, you can file if you have cash income...from Self-employment work
However, for Earned Income Credit (EIC or EITC), you have to show a profit for "working" for cash. Retirement income, investments, interest, and SS doesn't count.
It actually has to be either a W-2.......or, apparently in your case, cash from self-employment work that is carefully recorded as to when & why cash was received vs business expenses.
Whether there is any EIC to be obtained...that depends entirely on the exact details of how much total income that you have from any source.
Read this carefully:
Yes, you can file if you have cash income...from Self-employment work
However, for Earned Income Credit (EIC or EITC), you have to show a profit for "working" for cash. Retirement income, investments, interest, and SS doesn't count.
It actually has to be either a W-2.......or, apparently in your case, cash from self-employment work that is carefully recorded as to when & why cash was received vs business expenses.
Whether there is any EIC to be obtained...that depends entirely on the exact details of how much total income that you have from any source.
Read this carefully:
Can I go back and file for the last 5 yrs?
Do you have adequate records of all that cash income an related expenses? It is too late to file now for a Federal refund for any tax years prior to 2014. Only 2017 can be done online and efiled. For the others, see:
https://turbotax.intuit.com/personal-taxes/past-years-products/
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