Earned Income Credit 2004-2005 Tax Year
Individuals eligible for this refundable credit may receive up to an additional $4,204.00 if the have two
qualifying children, $2,547.00 with one qualifying child or $382.0 with no children.  To qualify for the
Earned
Income Credit (EIC)
your adjusted gross income must be less then:

  •        $33,692 ($34,692 for married filing jointly) if you have more than one qualifying child
  •        $29,666 ($30,666 for married filing jointly) if you have on qualifying child
  •        $11,230 ($12,230 for married filing jointly) if you do not have a qualifying child

Additional Rules for qualifying or applying for the Earned Income Credit (EIC).

  • You Must have a valid Social Security Number.
  • Your Filing Status can not be Married Filing Separately.
  • You must be a U.S. Citizen of Resident Alien all year.
  • You cannot file a Form 2555  or 2555 EZ (Foreign Earned Income)
  • Your investment Income must be $2,600 or less.
  • You must have earned income.
  1.   Wages, salaries, or tips,
  2.   Net earnings from self-employment and
  3.   Gross income received as a statutory employe

These are some of the rules for the Earned Income
Credit for the complete rules and guidelines either
contact the IRS directly or make an appointment to
have your income tax return done with us.
Home


Accounting Solutions
Income Tax and Bookkeeping Specialists for Individual's and Business Owner's