Hawaii N139 2023-2024 Form

Instructions and help about form n 139 form

welcome to tax teach my name's Sean I'm a certified public accountant specializing in taxation and today I want to talk about the basics behind the earned income tax credit and the qualifications you need to meet in order to take the credit the Earned Income Tax Credit is a credit meant for low to moderate earning workers and their families it's meant to provide tax relief to those taxpayers the Earned Income Tax Credit ranges from 560 dollars all the way up to six thousand nine hundred thirty five dollars typically the more children you have the larger the credit up to three children um so the credit ranges from 560 dollars maximum if you are single all the way up to 6935 if you have three children and also depends on your filing status as well as how much money you make throughout the year next I'm going to talk about the actual qualifications you need to meet in order to take the Earned Income Tax Credit you should see now a list of some of the qualifications you need to meet in ord