Do I qualify for earned income credit since I'm self-employed?

Back a number of years ago when I was an employee I used to get the earned income refund and also the child credit refund. Once I quit and went self-employed my accountant said I don't qualify for that anymore. I was filing my business under my SS number. Now last year I started another business that has an EIN number, but I'm still self-employed. TurboTax is showing I'm going to get a Federal Refund and I want to make sure that is actually true.

posted

Connect with an expert

1 Best answer

Accepted Solutions

Do I qualify for earned income credit since I'm self-employed?

Yes, your self-employed income is earned income and qualifies you 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"

View solution in original post

2 Replies

Do I qualify for earned income credit since I'm self-employed?

Yes, your self-employed income is earned income and qualifies you 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"

Do I qualify for earned income credit since I'm self-employed?

You must have a profit (not just income) from Self-employment.

Still have questions?

Questions are answered within a few hours on average.

Post a Question

*Must create login to post