MightyRecruiterDisqualifying income is any income that prevents a taxpayer from receiving an earned income credit when filing taxes. Rent income, interest, income not received due to self-employment, and net capital gain are all considered disqualifying income.
Earned income credit is a tax credit available to low- or mid-income taxpayers. Rent income is money earned when a property owner allows a tenant to live or work in the property in exchange for a monthly fee. Interest is money paid back on a loan in excess of the original loan amount. It is typically a percentage of the original loan amount.
Legal Disclaimer
The content on our website is only meant to provide general information and is not legal advice. We make our best efforts to make sure the information is accurate, but we cannot guarantee it. Do not rely on the content as legal advice. For assistance with legal problems or for a legal inquiry please contact you attorney.