Friday, August 20, 2010

I got married in sep. of last year we have 3 kids how should we file to still recieve EIC credit?

we got married September 28'th, 2007. i was married before and we claimed married but filing seperate, can we still do that and both of us get the EIC credit since we where only married for a little over 2 months out of the year?I got married in sep. of last year we have 3 kids how should we file to still recieve EIC credit?
No. Your filing status is determined by your marital status on 12.31. Even if you get married on New Years Eve you are considered married for the entire year. There is no ';split'; for being married less than a full year.





Your only choices are Married Filing Jointly or Married Filing Separately. If you file MFS you are barred from claiming the EIC. If you file MFJ and your combined income is more than the EIC ceiling you lose out on it now.





Welcome to the REAL marriage penalty. It's been cleared up for wealthy taxpayers. But two people raising kids as singles and collecting the EIC at the max level will lose out on nearly $10,000 if they get married. Thank your elected representatives for that shaft job!I got married in sep. of last year we have 3 kids how should we file to still recieve EIC credit?
TFTP

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Revision.....I just looked it up. Here you go. The number will be different, because it was for last year, but I believe the rules are still the same.





';Workers who raised children in 2006 must file either Form 1040 or 1040A and must fill out and attach Schedule EIC. Workers with children cannot get the EITC/EIC if they file form 1040EZ or fail to attach Schedule EIC. Married workers must file a joint return to get the EITC/EIC. Workers who were not raising children in 2006 can file any tax form - including the 1040EZ. These workers write ';EIC'; (or the dollar amount of their credit) on the Earned Income Credit line on the tax form. They do not need to file Schedule EIC. Schedule EIC forms can be obtained by mail or downloaded from the website of the IRS: www.irs.gov Forms can also be obtained at libraries, post offices and local IRS offices.';
You can file as married filing separately, but if you do, neither of you can get EIC. If you file a joint return, and your joint income is still within EIC range, then you can get EIC on your joint return.





Being married for 2 months of the year is still married. What counts is your status as of 12/31/07.
In order to get EIC you must file as ';Married Filing Jointly';.


MFS disqualifies you for this credit.
To claim the EIC you must file Single, Head of Household, or Married Filing Joint . You can not file Married Filing Separately. From there you would have to see if you meet the income requirements. The EIC would then be determined by your combined incomes.

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