Additional Child tax credit / No income?

#3 10-29-2005, 11:28 AM

File zero and for that she will get her child tax credit.
There is nothing wrong with filing zero for this case.
You have to file anyway if you 1. have taxpayer income
2. are asked too and 3. want to recieve the benefits of a
taxpayer. She is three.

Regards

<< ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2005) - All rights reserved. > << ================================================== ===== >

#2 10-27-2005, 07:44 AM

"hclarkii[at]gmail.com" <hclarkii[at]gmail.com> wrote:

- quote -

> Was wondering....
> My girlfriend did not file any tax return this year as to
> the fact that she did not have ANY taxable income, nor any
> earned income. She basically lived off child support, some
> government help, and a little help here and there from the
> rest of us. Downsizing at the company that she worked at
> had gotten her. Along with a 2 year old that she had to
> care for due to its illness.
> My question is....She has 3 children. Ages 13, 9, and the 2
> year old. Even though she had zero income that was earned or
> taxable, shouldn't she have filed just to get the additional
> child tax credit? The way I interpret it, she did not
> qualify for the child tax credit due to no income,
> but...doesn't she qualify for the additional child tax
> credit? Seems to me that she could have filed a 1040 full of
> zeros, and filed for the credit.
> Am I wrong?

Yes. For one thing, you need earned income of some sort to
qualify for the credit....

--
David M. Woods, EA, ChFC, CLU
Woods Financial Services
Norwood, MA 02062
www.woods-financial.com

<< ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2005) - All rights reserved. > << ================================================== ===== >

#1 10-26-2005, 05:53 AM

"hclarkii[at]gmail.com" <hclarkii[at]gmail.com> wrote:

- quote -

> Was wondering....
> My girlfriend did not file any tax return this year as to
> the fact that she did not have ANY taxable income, nor any
> earned income. She basically lived off child support, some
> government help, and a little help here and there from the
> rest of us. Downsizing at the company that she worked at
> had gotten her. Along with a 2 year old that she had to
> care for due to its illness.
> My question is....She has 3 children. Ages 13, 9, and the 2
> year old. Even though she had zero income that was earned or
> taxable, shouldn't she have filed just to get the additional
> child tax credit? The way I interpret it, she did not
> qualify for the child tax credit due to no income,
> but...doesn't she qualify for the additional child tax
> credit? Seems to me that she could have filed a 1040 full of
> zeros, and filed for the credit.
> Am I wrong?

Yes. For one thing, you need earned income of some sort to
qualify for the credit....

--
David M. Woods, EA, ChFC, CLU
Woods Financial Services
Norwood, MA 02062
www.woods-financial.com

<< ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2005) - All rights reserved. > << ================================================== ===== >

10-21-2005, 05:03 AM

<hclarkii[at]gmail.com> wrote:

- quote -

> Was wondering....
> My girlfriend did not file any tax return this year as to
> the fact that she did not have ANY taxable income, nor any
> earned income. She basically lived off child support, some
> government help, and a little help here and there from the
> rest of us. Downsizing at the company that she worked at
> had gotten her. Along with a 2 year old that she had to
> care for due to its illness.
> My question is....She has 3 children. Ages 13, 9, and the 2
> year old. Even though she had zero income that was earned or
> taxable, shouldn't she have filed just to get the additional
> child tax credit? The way I interpret it, she did not
> qualify for the child tax credit due to no income,
> but...doesn't she qualify for the additional child tax
> credit? Seems to me that she could have filed a 1040 full of
> zeros, and filed for the credit.
> Am I wrong?

She needs to have earned income.

__
Art Kamlet ArtKamlet [at] AOL.com Columbus OH K2PZH

<< ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2005) - All rights reserved. > << ================================================== ===== >

#-1 10-20-2005, 06:41 AM

Was wondering....

My girlfriend did not file any tax return this year as to
the fact that she did not have ANY taxable income, nor any
earned income. She basically lived off child support, some
government help, and a little help here and there from the
rest of us. Downsizing at the company that she worked at
had gotten her. Along with a 2 year old that she had to
care for due to its illness.

My question is....She has 3 children. Ages 13, 9, and the 2
year old. Even though she had zero income that was earned or
taxable, shouldn't she have filed just to get the additional
child tax credit? The way I interpret it, she did not
qualify for the child tax credit due to no income,
but...doesn't she qualify for the additional child tax
credit? Seems to me that she could have filed a 1040 full of
zeros, and filed for the credit.

Am I wrong?

hcii

<< ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2005) - All rights reserved. > << ================================================== ===== >

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