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aes07
Level 1

Earned Income Tax Credit and Saver's Credit

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 Comment 1
Rustler
Level 15

Earned Income Tax Credit and Saver's Credit

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

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