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4. What types of income disqualify taxpayers from claiming the EIC?

5. What is the definition of being self-employed? What distinguishes a self-employed individual from an employee? Why is this distinction important? Explain.

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EIC Earned Income Credit and Self-employed Tax Question

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4. What types of income disqualify taxpayers from claiming the EIC?
You are not eligible for the earned income credit if you have "disqualified income" exceeding $2,800.
Disqualified income includes:
1. both taxable and tax exempt interest
2. dividends,
3. net rent
4. royalty income
5. net capital gains
6. and net passive income that is not self employment income.

5. What is the definition of being self-employed? ...

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