Finance Quick Answers
Can I claim the Earned Income Tax Credit on my net self-employment if I have my own business?
Net income from a Sole Proprietorship is earned income. The Earned Income Credit is available to taxpayers that meet certain income guidelines. See IRS Publication 596, Earned Income Credit, or Tax Credits for People Who Work.
For more information on the tax consequences of a job
Tax Impact of Job Loss.
Source: IRS, Tax Impact of Job Loss, 2002.
Last update: Tuesday, July 15, 2008