If I have self-employment income, can I claim the EIC?
Your self-employment income, minus expenses, counts as earned income for the Earned Income Credit (EIC).
You must claim all deductions allowed and resulting from your business. This determines your net self-employment income.
You must claim all deductions — including depreciation. If you don’t, you might owe a penalty for any misrepresentation you made to obtain other tax benefits. These other benefits include the EIC and Social Security benefits.
Tax deadlines have been extended this year for your federal and state returns. Still need to file? Find out what you need to know from the team at H&R Block.
The Research Credit, or IRS Form 6765, is an income tax credit for business that invest in research and development. Learn more with H&R Block.
Do you own property in Arizona? Read here on how and when to pay Arizona property taxes, with help from the tax pros at H&R Block.
Are you a wage earner in Arizona? Learn more about checking the status of your AZ state refund, with help from the tax experts at H&R Block.