Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.
Trending News
Income tax question for people on disability?
My husband is on full disability from social security. We get a monthly check for him and our two children. I worked for a short time and made less than $1,000. On income tax, I know this his amount of disability is not taxable. However, my income was. NOW--the child tax credit would be $2,000. Will we be allowed to claim that full credit, although we did not have that much taxable income?
4 Answers
- ninasgrammaLv 71 decade agoFavorite Answer
Given the information you have provided, you will not owe any income tax. Since you owe no tax, you will not get the Child Tax Credit, since it only reduces taxes owed.
However, you should file and you will get your withholding back, plus Earned Income Credit, which would be $390 for an income of $1,000 and two children.
- Anonymous1 decade ago
No, you probably won't be able to claim the full "child tax credit", but you'll very likely get the remainder from "additional child tax credit."
Be very careful how you handle social security income. Sometimes it actually is taxable, but usually when all other sources of income crest over a certain amount, which you seem to be well below. (When your children are earning income, you've got to claim that, as well, unless they complete their own forms).
(You might also qualify for "child and dependant care credit" for an incapacitated spouse.)
- marklemooreLv 61 decade ago
You should be able to, but the way the form is set up your taxable income should add up to zero dollars instead of a negative dollar amount.
- Anonymous1 decade ago
It's a credit....to lower your tax bill...but you may qualify to get the "earned income credit" money back.