2006 Earned Income Credit tax question?

My boyfriend and I have two children. We both work. He works full time, I work part time. He is claiming our two children on his taxes for the earned income tax credit.

My question is, since I earned less than $4000 (just started working in Oct), can I claim zero dependants and take the $160 earned income credit since I am filing single status, or am I disqualified for this because he is getting a credit back for our two children?

2006 Earned Income Credit tax question?

Yes, you can get a small EIC even if you are not claiming any children on your return. Since you%26#039;re not married, your returns are totally separate, so it doesn%26#039;t matter that he%26#039;s claiming the children. Your income is low enough that you can get EIC even without any dependent children.

This assumes that you are at least age 25. If you%26#039;re not, then you aren%26#039;t eligible for EIC without having a dependent child.

2006 Earned Income Credit tax question?

You cannot claim earned income credit if he is claiming the two children and head of household.

2006 Earned Income Credit tax question?

whoever claims the children as dependents is eligible for the earned income tax credit. therefore, that would be your boyfriend.

2006 Earned Income Credit tax question?

Your suspicion that you are disqualified for the EIC because of the children is correct.

The EIC is based on how many qualifying children you have, not how many qualifying children you put on your tax return.

Since you have a qualifying child, even though you are not claiming the Earned Income Credit for that child, you are not allowed to claim an EIC for yourself.

2006 Earned Income Credit tax question?

I%26#039;ll have to agree with the the fact that you cannot claim EIC based on the children and that if you are at least 25, you can get the Earned Income Credit based on your income without any children (although it will be only about $300.)

The WealthBuilder

Tax Specialist

2006 Earned Income Credit tax question?

You should be able to get some kind of earned income credit just for filing single and claiming yourself because you made under a certain amount of money. go to www.shaydzofluv.com for a free estimate on both of your taxes and they can let you know as soon as you fill out the info and they key it in.