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Form 1040 Tax Table El Cajon California: What You Should Know

Form EIC can also be used if you are unemployed, disabled, or have a spouse or dependent with a similar credit amount.  It can also be used if you are a graduate student and need to claim the EIC for any semester or quarter, but haven't yet earned enough to file a 1040EZ.  Schedule EIC also helps increase the credit for your filing status: you don't have to be single to file the standard 1040. You do have to be single if your gross income (before any federal, state or local tax deductions) exceeds 10,000 and your filing status is single. Earned Income Credit (EIC) Earned income is income from whatever source derived by an individual during any taxable year. Earned income includes wages, tips, self-employment income, capital gains, and farm income. EIC is a tax credit for the full amount of this earned income. The amount of the credit is figured on a sliding scale based on filing status and modified adjusted gross income (AGI).

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