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Earned income credit??  

post #1 of 6
2/9/08 at 2:35pm
Thread Starter 
Is it possible to get back more in taxes than you actually paid because of this credit?:
post #2 of 6
2/9/08 at 2:39pm
i do believe so. but i am no tax expert.
post #3 of 6
2/9/08 at 2:42pm
Yes, it's a refundable credit (which basically means that even if your overal tax liability was $0, you may be eligible to get the credit back in a refund).
post #4 of 6
2/9/08 at 2:50pm
Dumb question...what is it for? Who qualifies?
post #5 of 6
2/9/08 at 2:57pm
If you can file Head of Household status, have children, and have a fairly low income, you qualify.

http://apps.irs.gov/app/eitc2007/SetLanguage.do?lang=en
post #6 of 6
2/9/08 at 3:12pm
Yes, you can get it even if you didn't pay any money.

You get the most if you have children, but even low income people with no children can get it.
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