1)Taxpayer passed away in March 21 and had only earned $10,000 W-2, single no kids. I know he is eligible for full standard deduction. Is he also eligible for full EIC credit?
2)Another scenario. 30yr old kid lives with parents. Eared $12,000 on W2. Is he also eligible for EIC? (No Investment income, us citizen, parents can't claim due to age and income threshold).
Both seem unlikely candidates, but rules seem to indicate they eligible. Is this correct?
Thank you
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Why not?
We're not here to play Alfred Doolittle and apply middle-class morality.
"30yr old kid" <== this makes my day. Thanks.
Let's not get into cultural bias here.
"Italian men have their first child at an average age of 33, against less than 31 for fathers in Spain, France and Finland, Istat said. Part of the problem was that many Italian men lived with their parents for longer than elsewhere in the world, with 40 percent of 30-34 year-old Italian males still staying at home."
"Let's not get into cultural bias here."
I have no idea what that means or what it applies to. Sorry, but you seem to be in the deep end of some pool, on your own. To spell out the concepts:
"kid" is young person.
"child" would be a relationship label.
30-years old would be Child, but not Kid, such as "Adult child." But all of us have met 30-year old kids. I rest my case.
I have no idea why someone would bring nationalities into this.
I have an aunt that is 99 and still living in her own home. She was talking to my wife one day about the neighborhood kid that mowed her lawn for her. My wife has the picture of a teenager in her mind as my aunt is talking. I know the "kid" that she is referring to is 60+ years old. So everyone has their own perspectives and what they define as a kid.
"I know the "kid" that she is referring to is 60+ years old."
Which also makes my day. I find it amusing.
I have no idea what tangent Bob rode out on.
Taxpayer 1, has Living Will, fatal illness in March after he has earned $10K, and they pull the plug.
Taxpayer 2, no Living Will, fatal illness in March after he has earned $10K but kept alive all year on life support (this is in Florida, where they do things like that).
Which would you allow EIC? Which would you deny it?
Your definitions seem like an attempt to make some point. I was amused. I still don't know what happened at your end of this topic, Bob. Do I need to find the definition for Amused?
While I find all of this very entertaining and proof that we are in the final stretch of the season, Is there a consensus that both qualify?
And yes also proof accountants do have a sense of humor. lol!!!!!
Yes
Thank you!!
What about baby goat?
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