Does Chris qualify for the earned income credit?

Prepare for the VITA Advanced Certification Exam. Engage with quizzes and detailed explanations to enhance your skills and get exam-ready!

To determine if Chris qualifies for the Earned Income Credit (EIC), it is important to consider several key factors related to her income and dependent status. The Earned Income Credit is designed to benefit low to moderate-income working individuals and couples, particularly those with children.

The correct choice states that Chris qualifies for the earned income credit. This is valid if her earned income falls within the eligibility guidelines set by the IRS, which include having earned income from employment or self-employment.

While having dependents and income below specified thresholds do play significant roles in qualifying for the EIC, the primary condition is that an individual must have earned income to be eligible. The Earned Income Credit is available even for individuals without dependents, provided they meet the income requirements.

This highlights that merely having earned income allows Chris to qualify for the EIC, provided her income does not exceed the maximum limits. Hence, if she is a working individual with earned income, she is, indeed, eligible for this credit, confirming the statement as correct.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy