jesmithjr86
Level 3

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.

 

0 Cheers