01-27-2005, 03:38 PM
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 Re: EIC- Foster care payments Michelle Kapp wrote: - quote - > Will foster care payments, welfare benefits, food stamps,
Under normal circumstances none of the items you list (don't> etc, effect the EIC? know about the "etc") would affect EITC as they are all excludable from gross income. However, under certain circumstances, foster care payments are taxable income. Those taxable payments would increase AGI and impact the amount of EITC. -- Alan http://taxtopics.net << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#-1
01-26-2005, 05:00 AM
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| EIC- Foster care payments Will foster care payments, welfare benefits, food stamps, etc, effect the EIC? << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
| Tags |
| care, eic, foster, payments |
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