Earned income includes all the taxable income and wages you get from certain disability payments or from working for someone else or running your own business or farm. Your eligibility for the Earned Income Credit, is based on your Earned Income and other qualifying factors.
Some examples of earned income are:
- Salaries, wages and tips
- Net profit from self-employment under certain conditions
- Strike benefits paid by a union to its members
Your Earned Income must be less than a certain amount in order to claim the Earned Income Credit. Click here to find out what the income limits are for the current tax year.
Comments
0 comments
Article is closed for comments.