If I made 9000 over the EIC limit, will the standard deduction of 12600 bring me down to qualify for the EIC? Or does my original income have to be below the limit?
Im wondering if the standard deduction affects the EIC qualification. Or is the EIC limit before any deductions. Standard or itemized?
If I made 9000 over the EIC limit, will the standard deduction of 12600 bring me down to qualify for the EIC? Or does my original income have to be below the limit?
Your earned income must be within the limits (there are also limits on non-earned sources such as dividends and stock that limit EIC eligibility). The deduction does not affect EIC qualification limit.
If I made 9000 over the EIC limit, will the standard deduction of 12600 bring me down to qualify for the EIC? Or does my original income have to be below the limit?
Your earned income must be within the limits (there are also limits on non-earned sources such as dividends and stock that limit EIC eligibility). The deduction does not affect EIC qualification limit.
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