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To qualify you must meet all of the following requirements:
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Have earned income |
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Have valid Social Security number |
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Investment income limited to $2,800 |
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Filing status cannot be “married filing separately” |
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Generally must be a U.S. citizen or resident alien all year |
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Cannot be a qualifying child of another person |
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Cannot file Form 2555 or 2555-EZ (related to foreign income)
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You need to have worked and have earned income less than:
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$12,120 ($14,120 if married filing jointly) if there is no qualifying child |
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$32,001 ($34,001 if married filing jointly) if there is one qualifying child |
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$36,348 ($38,348 if married filing jointly) if there is more than one qualifying child
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Common errors to avoid:
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Taxpayers claim a child who is not a qualifying child |
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Married taxpayers who should file as married filing
separately instead file as single or head of household |
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Income-reporting errors |
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Taxpayers or qualifying children with incorrect Social Security numbers |
