Sub Contractor and EIC Tax ?

[mystic~mama]

hey mamas...if anyone can help me answer this i would so appreciate it!

i'm a sub contractor on my taxes...i want to be sure I qualify for the EIC this year....

is there a minimum income you have to make in order to get it...I was thinking it was 10K for some reason.

I definitely have to file as I have to pay all my taxes but does this change my ability to get the EIC in any way.

if you know, thank you!

[PlayaMama]

income requirements from the irs:

not more than,
$37,783 ($39,783 married filing jointly) with two or more qualifying children;
$33,241 ($35,241 married filing jointly) with one qualifying child;
$12,590 ($14,590 married filing jointly) with no qualifying children.

Tax Year 2007 maximum credit:

$4,716 with two or more qualifying children;
$2,853 with one qualifying child;
$428 with no qualifying children

hth

i've found irs.gov to be a really helpful website.

[mystic~mama]

Originally Posted by PlayaMama

income requirements from the irs:

not more than,
$37,783 ($39,783 married filing jointly) with two or more qualifying children;
$33,241 ($35,241 married filing jointly) with one qualifying child;
$12,590 ($14,590 married filing jointly) with no qualifying children.

Tax Year 2007 maximum credit:

$4,716 with two or more qualifying children;
$2,853 with one qualifying child;
$428 with no qualifying children

hth

i've found irs.gov to be a really helpful website.

thx mama...i did see this...what I was not sure of is, if there is minimum income requirement as I dont work full time...

thx