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Latest revision as of 11:21, 31 January 2025

Families which are considered for you to become poor or low income are given assistance through the earned income credit, or EIC. The EIC can be a tax credit that helps such families with low earnings to accomplish a better standard of just living. An EIC can translate to your tax refund of somewhere between $400 and $4,500. This review will let you know that you can figure out if you are eligible for the EIC.

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Julie's total exclusion is $94,079. For my child American expat tax return she also gets declare a personal exemption ($3,650) and standard deduction ($5,700). Thus, her taxable income is negative. She owes no U.S. taxes.

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