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TP MFJ age 47
Spouse age 41
Business income - 4217
Income from housing subsidy for rent - 2413
Total income - 6630
Half SE - 298
AGI - 6332
Child 1 - 20 not working disabled in school not qualified for credit
Child 2 - 18 still in high school vocational technical not qualified for credit
Child 3 - 16
Child 4 - 12
When I look at EIC Worksheet it shows 2 children eligible
When I look at the 8812 form it shows 2 children eligible
When I look at the table in pub 596 is it based off AGI 6332 or Total Income 6630 or business income 4217
I do not find EIC of 1766 on this table
Also discovered the child tax credit is based off the EIC as a %. Not sure which amount is being used to compare to the table for the figuring the amount of credit.
Help. Why is this so difficult? I thought this was designed to help low income families.