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Where can one find an earned income credit table?
The IRS government site has an earned income tax credit table. Also, Turbo Tax has a good earned income credit table. Turbo Tax will ask questions that will help one determine if they qualify for a credit. Then, one can use their income credit table to see how much credit they can claim.
You were freelancing and the job contract ended you have not found another job Do you qualify for unemployment?
Depending on your area, you may qualify for an unemployment benefit if you're registered as 'unemployed' - where you are currently seeking work and not currently doing a job. If you're freelancing, you need to report your income while you're receiving your unemployment benefits. You may seek legal advice to help you with the papers.
Does unemployment compensation wages affect earned income credit on your taxes?
Yes, it can. However, it cannot help you, only hurt you. First of all, for 2009, the first $2,400 of unemployment compensation is not taxable, so it doesn't affect your taxes in any way. Above $2,400, it is taxable and increases your AGI (adjusted gross income). The earned income credit (EIC) phases in at 40% of earned income until it reaches the maximum credit. (See the IRS link below for specific amounts.) Unemployment compensation does not count as earned income, so it does not increase your credit. After you max out the credit, it starts to phase out as your income increases. The income amount used here the greater of your earned income or your AGI. Therefore, if your AGI is made up only of earned income and unemployment compensation, your EIC will be reduced because of your unemployment compensation. There are many other items than can increase or decrease your AGI, including interest income, IRA contributions or withdrawals, student loan interest, and many more. So you could potentially offset the unemployment compensation with other deductions from AGI, such as contributing to an IRA. (Of course, you probably don't have the cash for that if you're collecting unemployment.) Here is a link to the EIC figures for 2009 (at the bottom of the page): http://www.irs.gov/individuals/article/0,,id=150513,00.html ***** Unemployment does NOT count towards your EIC because it is not EARNED. Your UC is applicable to federal taxes only. The IRS EIC calculator takes UC into consideration although it is not correct.
Where can I find out if I quality for a low income house in Cheyenne?
www.hud.gov will help you find out if you qualify for low income housing in Cheyenne.
Can you claim Earned Income Credit on unemployment?
Yes. You will know the amount after you complete your 2009 income tax return. Go to the Related Link below and use the search box type FREE TAX HELP AVAILABLE NATION WIDE Nearly 12,000 free tax preparation sites will be open nationwide this year as the Internal Revenue Service continues to expand its partnerships with nonprofit and community organizations performing vital tax preparation services for low-income and elderly taxpayers. The IRS Volunteer Income Tax Assistance (VITA) Program offers free tax help to people who earn less than $49,000. The Tax Counseling for the Elderly (TCE) Program offers free tax help to taxpayers who are 60 and older. EITC-eligible taxpayers also can seek free assistance at the 400 IRS Taxpayer Assistance Centers nationwide. To assist EITC taxpayers, 167 IRS TACs will offer Saturday service on Jan. 30, Feb. 6 and Feb. 20
Is there government assistance available to help low income families rent apartments?
The government offers various opportunities for families with low income to help them into apartments. If you think you qualify, seek the help of a qualified professional.
If you am on food stamps do you qualify for low income apartment assistance?
You don't necessarily qualify for low income apartments if you are on food stamps. They are different programs, though they are intended to help the same groups of people, and the requirements for them are slightly different.
Are unemployment benefits considered emergency funds?
yes, I think the unemployment benefits should be considered emergency monies.Because without some kind of help, employment, government, etc. everyone should qualify for emergency money
Help with housing for single mothers in Puerto Rico?
Anyone who meets the general criteria of income and background information can qualify.
Can I get government assistance for medical supplies?
If you qualify for medical aid, the government will help you out with it. You must qualify by having little to no income. They might ask you to submit your tax returns when you apply for the aid.
How do I know if I qualify for low income or hub housing?
Contact your local Department of Human Services. Qualificatons vary accross the nation, but they will have information available for your locality, and can help you complete the steps to find out if you qualify.
What are governmental income maintenance programs?
unemployment payments to workers who have lost their jobsIncome Maintenance Programs vs. Social Insurance Programs•Income Maintenance Programs-"welfare," "public assistance," "public charity"-Purpose: provide minimum level of income to all families and individuals-Must demonstrate economic "need" (means tested)-Examples: Temporary Assistance to Needy Families (TANF), Supplemental Security Income (SSI), food stamps, Medicaid, earned income tax credit (EITC), housing aid•Social Insurance Programs-Purpose: provide individuals with income/assistance at times when they cannot help themselves-Contingent upon an event occurring-Examples: Social Security, Medicare, unemployment insurance
