Tax Filing Help
 

Who Qualifies for Earned Income Credit?

Earned income credit is a tax credit that many high income taxpayers have not heard of. Below are requirements for claiming earned income tax credit or EIC. Any taxpayer and his or her spouse if married and filing jointly wanting to claim earned income credit must (both) meet the following tests as well as the income level test. It may be beneficial to do the income level test first to make sure that the taxpayer can qualify for earned income credit based on his or her income level.

Tests for taxpayers wanting to qualify for earned income credit

Have valid SSN? Arrow right NO Not qualified

Arrow down

 YES

Married filing separately? Arrow right YES Not qualified

Arrow down

 NO

US Citizen or resident alien all year? Arrow right NO Not qualified

Arrow down

 YES

Investment income for earned income credit limit Arrow right NO Not qualified

Arrow down

 YES

Have earned income Arrow right NO Not qualified

Arrow down

 YES

Filing form 2555 Arrow right YES Not qualified

Arrow down

 NO

Earned income credit with or without a child Arrow right YES

Arrow down

 NO