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5291979lori
New Member

Can i qualify for eic if i have four children but my only income was from babysitting

I am not married, have four kids ages 1-14. I made a little over $5000 (100/WK) babysitting. Should I file taxes on that amount and will I qualify for EIC?
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Accepted Solutions
MargaretL
Employee Tax Expert

Can i qualify for eic if i have four children but my only income was from babysitting

Yes, you most likely will qualify for the EIC credit - since you have earned income and I'm assuming your children are your qualifying dependents.  Babysitting income is considered earned income for the EIC tax purposes.  The credit will be determined based on your earned income amount and qualifying children. 

 Your babysitting income is considered self-employment income and should be reported as such. Here is data entry:

  1. Federal Taxes
  2. Wages and Income
  3. Self-Employment, Select Income and Expenses - follow the interview questions; you would report the income as if you own a business; you will be able to enter your income and expenses (if applicable). 

Note: you may be asked to upgrade to a higher version of TurboTax.

View solution in original post

1 Reply
MargaretL
Employee Tax Expert

Can i qualify for eic if i have four children but my only income was from babysitting

Yes, you most likely will qualify for the EIC credit - since you have earned income and I'm assuming your children are your qualifying dependents.  Babysitting income is considered earned income for the EIC tax purposes.  The credit will be determined based on your earned income amount and qualifying children. 

 Your babysitting income is considered self-employment income and should be reported as such. Here is data entry:

  1. Federal Taxes
  2. Wages and Income
  3. Self-Employment, Select Income and Expenses - follow the interview questions; you would report the income as if you own a business; you will be able to enter your income and expenses (if applicable). 

Note: you may be asked to upgrade to a higher version of TurboTax.

View solution in original post

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