Gossip Financial Services will prepare your 2021 individual tax return from the information you have provided. We will not audit or verify the information you furnished to us. You, the taxpayer, are ultimately responsible for the preparation and filing of your tax return. Please read and verify the information you furnish and the information on your tax return are the same and accurate before signing.
I, the taxpayer named above, have provided to Gossip Financial Services the attached tax information and to the best of my knowledge this information is true, correct and complete. I declare that I understand the above questions and have answered them truthfully to the best of my ability.
KNOW THE BASICS EITC ELIGIBIITY RULES FOR ALL EITC CLAIMANTS
ALL TAXPAYERS CLAIMING EITC MUST MEET THESE RULES:
Rule 1- Adjusted gross income (AGI) limits
Your adjusted gross income (AGI) must be less than:
$51,464 ($57,414 for married filing jointly) if you have three or more qualifying children,
$47,915 ($53,865 for married filing jointly) if you have two qualifying children,
$42,158 ($48,108 for married filing jointly) if you have one qualifying child, or
$21,430 ($27,380 for married filing jointly) if you do not have a qualifying child.
Rule 2- you must have a valid social security number (SSN)
Rule 3- your filing status cannot be married filing separately
Rule 4- you must be a United States citizen or resident alien all year
Rule 5-you cannot file form 2555 or form 2555-ez
Rule 6- your investment income must be $10,000 or less
Rule 7-you must have earned income of at least $1
Rule 8-your child must meet the relationship, age, residency, and joint return tests
Rule 9-your qualifying child cannot be used by more than one person to claim the EIC
Rule 10- you cannot be a qualifying child of another taxpayer
Rule 11-you must be at least 25, but under age 65 (if no qualifying child)
Rule12-you cannot be the dependent of another person
Rule 13-you must have lived in the United States more than half of the year
The maximum amount of credit for Tax Year 2021 is:
- $6,728 with three or more qualifying children
- $5,980 with two qualifying children
- $3,618 with one qualifying child
- $1,502 with no qualifying children
When Can I Expect My Refund?
If you claim the earned income tax credit (EITC) or the additional child tax credit (ACTC) on your tax return, by law the IRS can't issue your refund before mid-February — even the portion not associated with EITC or ACTC
Disclosure: I understand the rules to claim EITC. I understand that the information I provided meets the IRS guidelines to receive the EITC. I found to be perjury, I, the taxpayer could be fined for misrepresentation of the Earned Income Credit Tax Laws.