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lgayle36
New Member

Why am i asking to complete form 8862 if im not claiming my child?

 
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PeterM
New Member

Why am i asking to complete form 8862 if im not claiming my child?

Even certain taxpayers with no qualifying children can receive the Earned Income Tax Credit. You may still qualify, below are the limits for the Earned Income Tax Credit in 2016...

Earned income and adjusted gross income must each be less than:

$14,880 - if you are filing Single, Head of Household or Widowed...with zero qualify children

$20,430 - if you are filing Married Filing Jointly...with zero qualify children

Investment income must be $3,450 or less for the year.

The maximum amount of credit for Tax Year 2016 is:

  • $6,269 with three or more qualifying children
  • $5,572 with two qualifying children
  • $3,373 with one qualifying child
  • $506 with no qualifying children

For more information on whether a child qualifies you for Earned Income Tax Credit, see:


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1 Reply
PeterM
New Member

Why am i asking to complete form 8862 if im not claiming my child?

Even certain taxpayers with no qualifying children can receive the Earned Income Tax Credit. You may still qualify, below are the limits for the Earned Income Tax Credit in 2016...

Earned income and adjusted gross income must each be less than:

$14,880 - if you are filing Single, Head of Household or Widowed...with zero qualify children

$20,430 - if you are filing Married Filing Jointly...with zero qualify children

Investment income must be $3,450 or less for the year.

The maximum amount of credit for Tax Year 2016 is:

  • $6,269 with three or more qualifying children
  • $5,572 with two qualifying children
  • $3,373 with one qualifying child
  • $506 with no qualifying children

For more information on whether a child qualifies you for Earned Income Tax Credit, see:


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