Client is a single parent with one dependent under the age of 17. All requirements are met for claiming him as a dependent. She has only self-employment income. I completed the information for the form 8867. The client qualified for the Earned Income Credit. She did not qualify for the CTC or ACTC. Is this because you have to have other earned income? Thank you.
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What was her Schedule C profit? She needs at least $2500 of earned income for the Additional Child Tax Credit. -
The Schedule C profit was $194. Thank you for your help.Comment
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She has military disability income.Comment
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"She did not qualify for the CTC"
I'm pretty sure she did qualify for non-refundable CTC. However, as noted above, the refundable portion (for one or two children) is limited to 15% of earned income in excess of $2,500, which with your facts is zero."You said it, they'll never know the difference. Come on, we'll paint our way out!" - Moe Howard
"That's enough! When you didn't know what you were talking about, you really had something! [to Curly]" -Moe HowardComment
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