What if your earned income credit is paid to you by a private insurance?

I ask the question earlier about filing my taxes but what if your earned income is paid to you by a private insurance company and i bought a long term disability policy that pays me monthly and i had taxes taking out on it will i quilify for the earned income tax credit still

What if your earned income credit is paid to you by a private insurance?

Earned income credit is ONLY given by the US Government. A private company cannot give you a tax credit. Sorry.

That disability income is not EARNED. I am not a tax accountant - that%26#039;s who you have to ask - but I do not think it will qualify as earned income. But you can always go to the IRS website and read more about %26quot;what is earned income%26quot;.

What if your earned income credit is paid to you by a private insurance?

Not sure, but I don%26#039;t think that disability insurance payments are considered to be earned income.

What if your earned income credit is paid to you by a private insurance?

Disability payments are not earned income. The income may be taxable, but it is not earned.

What if your earned income credit is paid to you by a private insurance?

You will receive a Form 1099-R from the insurance company. The total amount paid by them gets included on line 7 of a Form 1040 if you have not reached retirement age and on line 12a or 12b if you have. Then just follow the rest of the instructions with the form.