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March 20, 2019

Earned Income Tax Credit and Saver's Credit

  • March 20, 2019
  • 1 reply
  • 0 views

Hello - Our S-Corp passed down about $60,000 to us.  We W2'd ourselves $20,000.  When applying for the EITC does the $60K count as earned income?  

 

In the same respect, when applying for the Saver's Credit is it just my AGI or does earned credit factor into it too.

 

Thank you 

    1 reply

    Rustler
    March 22, 2019

    This is a public community, and not even a tax community

     

    get with a tax accountant, and get the correct answer.  getting what amounts to legal advice from someone you do not know is not a good idea