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Form 2441 Oceanside California: What You Should Know
Disability Insurance. 2301.02 Credit for the Qualified Child and Earned Income 2301.02 Credit for the Qualified Child and Earned Income The Qualified Child amount is equal to 20,000.00 or more for a one-person household and 12,000.00 or more when two or more family members are living at home, and/or 3,000.00 (less than or equal to 20,000.00) when the family consists of one mother and five children under 16. 2301.03 Qualified Earned Income Requirements To qualify for the credit, each person must meet the Qualified Earned Income requirements. See the example for determining their Qualified Earned Income. Qualified earned income means the earnings and wages from working and self-employment received by both the nonresident individual and each qualified family member. Qualified earned income does not include, for example, dividends, interest, or rents. 2301.20 Nonresident Individual Qualified Earned Income Requirements The following table provides example figures for income tax purposes. The examples illustrate the following concepts: A taxpayer and his dependents are married and have no dependent children. The dependents include the nonresident individual and his wife. A nonresident individual is a nonresident alien who has resided in the United States less than 3 months since January 1, 1994, unless under a treaty or special relationship a longer period of residence is recognized. A taxpayer has no dependent children. Under this tax law, there is no penalty for nonresidents who fail to file a return if their income is below the standard deduction and/or no penalty for nonresident aliens who fail to respond to an IRS Form W-8BEN. 2301.20 Unearned Income Credit Amount The amount of the Unearned Income Credit is 20,000.00. For each qualifying family member (including the nonresident individual) to participate, at least 10,000.00 from all sources must be earned. The amount of the Unearned Income Credit is 20,000.00 multiplied by the number of family members, including the nonresident 2301.30 Earned Income Exclusion Amount The Earned Income Exclusion Amount is 20,000.00 multiplied by the number of qualified dependents and family members. The Earned Income Exclusion Amount is 20,000.00 multiplied by the number of family members, including the nonresident 2301.
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