Live in Iowa.
I'm doing my taxes with Turbo tax, but I can't figure out if I really qualify for the Federal EIC. I alternate my son as an income tax exemption every other year. 2005 is the Father's exemption year. So, I have put down that he is not a dependet this year. He does live with me more than 80% of the year, we qualify according to the income guidelines, the father wouldn't anyways. So then I'm under the impression that we would qualify for the EIC. Does this sound right?
I'm doing my taxes with Turbo tax, but I can't figure out if I really qualify for the Federal EIC. I alternate my son as an income tax exemption every other year. 2005 is the Father's exemption year. So, I have put down that he is not a dependet this year. He does live with me more than 80% of the year, we qualify according to the income guidelines, the father wouldn't anyways. So then I'm under the impression that we would qualify for the EIC. Does this sound right?