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How do I file my taxes unemployment no taxes with held?
My Sons only income for 2010 was unemployment compensation.$18202.00 no taxes with held. He has a spouse and 2 children.Spouse had no income .Can he receive Earned income credit!? If not how does he file? He supports his own household.
6 Answers
- BobbieLv 71 decade agoFavorite Answer
Him and his wife would file their married filing joint 1040 income tax return claiming all of their qualifying children dependents and the exemptions for each one and when they finish up with the 1040 income tax return correctly and completely they will not have any federal income tax liability and they WILL NOT qualify for any of the tax credits because the unemployment benefit amounts received during the tax year 2010 was not qualified earned income that is necessary for the taxpayer to have in order to qualify for any of the tax credits that would be available IF they had any amount of qualified earned income in the tax year 2010.
Hope that you find the above enclosed information useful for your situation and good luck to you.
- mrreliable3599Lv 71 decade ago
The filing requirement for a married couple both under age 65 is $18,700. If gross income is below that amount, no filing is necessary.
No EIC on unemloyment.
Are there any education expenses (qualified college)? The American Opportunity Credit is partially refundable, meaning you could get a refund even if you owe no tax.
Unless you qualify for some kind of refundable credit like EIC or the Am Op credit, there's no reason to file a return.
- Anonymous1 decade ago
He should file "married filling jointly" and list his children as dependents (giving him 4 exemptions total).
4 exemptions at $3650 each and the standard deduction of $11400 for MFJ status will leave him with $0 taxable income and therefore $0 tax liability.
He will not qualify for EIC, Additional child tax credit, or the Making work pay credit because they all require earned income and his unemployment benefits are considered unearned income.
The bottom line is that he should break even, no tax liability, but no refund either.
- troLv 71 decade ago
your son files his own taxes if he needs to
married with two children his non taxable income is $26000, therefore is unemployment of $18202 is below the limit
if there is no other income he would not need to file and no this is not earned income and is not eligible for EIC
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- Anonymous4 years ago
your fact of unemployment will inform you procedures plenty for 2010 if the unemployment examine grew to become into made out in 2010, it would be 2010 earnings, yet while it grew to become into made out in 2011 yet utilized to 2010 earnings, it would 2011 earnings