Hey fellas, looking for that darn EIC calculator from last year but can't find it ATM.
It's crazy, last year I was toying with it, and the more I entered, the more I got back.
So I looked through my handyman work folder (I normally would've probably not reported) ...made darn certain I had all the phone numbers and dates to document incase "audit".
Got like $2500 back. For me it's not a "moral" issue because IF I'd made more and not reported those ,I'd be in trouble too.
Well you all voted for this clown in charge, and better I get this "EIC" (earned income credit) than some welfare crackhead anyway IMO...
Yeah, EIC is like a flag for audit since it's the highest pay-out for general stuff.
Before there was a "first-time home buyer credit" that went up to $8000 and the first year they didn't ask for home buy rec'ts ...so one girl at Liberty Tax had a visit from agents since she put through THREE for people who didn't even own houses...:eek:
Thanks a bunch for the replies. as for mileage, I think the odometer reading is all needed. other recpt's for gas or storage expense are good...
Also for self employment a business IS NOT needed (IE scrapper income)
was just looking HERE
and I think $28,000 was from when I had ONE child, the figures are higher this year.
But the EIC is a curve which goes higher with more income, lower with more, and less with not much income.
more later...tired from racing to scrap before 1PM today...d*mn saturdays, nobody wants to work...same as stupid holidays ,etc.