Thursday, May 13, 2010

Whats the minimum amount of income a single parent with a child to file for a tax return?

I'm a single mom with one child and would like to know what is the minimum amount of income I would need to make in order to qualify for earned income credit on that child?Whats the minimum amount of income a single parent with a child to file for a tax return?
If you earned between $1 and $50, you would get $9 in Earned Income Credit (EIC). The amount of EIC increases as the amount of earned income increases - until you hit $8050 in earned income. Between $8050 and $14,850, the EIC amount is $2747. Once you earn more than $14,850, the EIC amount slowly decreases until you hit $32,000, at which point it is phased out completely.


All of these figures are based on filing as Single or Head of Household, with one child qualifying for EIC. They are also the figures that would have been used to file a 2006 return - the 2007 EIC table is not yet published, but will be fairly similar to this.


Hope this helps!Whats the minimum amount of income a single parent with a child to file for a tax return?
to get the max its about $14,000 - $15,000


i think $7,000 is when you start getting eligible for the earned income





but it could change for the next year

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