Question

Kris (26) has an earned income and AGI of $9,256. He has no other income. He lived in the United States all year and is no one's dependent. He has a valid SSN and is filing as single. He is a U.S. citizen. Does Kris qualify for EIC?

1) Yes
2) No

Answer 1

A person must meet specific requirements in order to qualify for the Earned Income Tax Credit (EIC). Kris does not meet these requirements and therefore does not qualify for the EIC.

Step-by-step explanation:

According to the information provided, Kris (26) does not qualify for the Earned Income Tax Credit (EIC). The EIC is a tax credit that is specifically designed to help low- to moderate-income individuals and families.

In order to be eligible for the EIC, Kris must meet certain requirements including having a qualifying child, having an earned income within certain limits, and filing as either single or married filing jointly. Since Kris does not have a qualifying child and his income and filing status do not meet the requirements, he does not qualify for the EIC.