Ask Question
10 June, 10:42

Three taxpayers have claimed the EIC for the same child and all three were eligible to claim the child. One is the child's mother, another is the child's uncle who provided the child's home for the longest period of time during the year, and the third is a step-brother who as a member of the household has the highest AGI. Which taxpayer is entitled to the earned income credit?

+5
Answers (1)
  1. 10 June, 11:11
    0
    The Parent taxpayer is entitled to the earned income credit

    Explanation:

    The federal income tax credit or income credit in the United States is a refundable tax credit, particularly those with children, for low - to moderate-income working individuals and couples. The EITC benefit amount depends on the income of the recipient and the number of children.

    The EITC benefits low to reasonable-income parents but offers very little assistance to workers without eligible children (often referred to as childless workers). Income tax credit (EITC). Workers earn a loan up to a limit of one percent of their income.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Three taxpayers have claimed the EIC for the same child and all three were eligible to claim the child. One is the child's mother, another ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers