I am curious, I currently get an earned income credit on my Federal tax return. I am also engaged. If we get married our combined incomes will excede the amount allowable to receive the earned income credit. Can we file seperately as a married couple so I still get that credit?
Income tax question...?
No, you are not eligible for the EIC as a married filing separate filer.
Income tax question...?
You are not allowed to have EIC if you are married filing separately. Sorry.
Income tax question...?
The earned income tax credit (EIC or EITC) was specifically designed to help out low income folks who are working but just getting by. That%26#039;s why it %26quot;phases-out%26quot; or disappears for folks who are making a decent income. The phase-out point changes each year...adjusted upward for inflation.
Allowing folks to get around the phase-out limits by filing a different way (married filing single) would defeat the purpose of the legislation. Accordingly, you can%26#039;t take the EIC by filing separately.
Sorry.
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