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Does the earned income exclusion apply to minors who turn 18?

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Does the earned income exclusion apply to minors who turn 18?

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A2: Yes, the earned income exclusion applies to anyone who meets the criteria outlined in 24 CFR 960.255. The test that must be applied in this case is whether the person meets one of the three qualifying factors and is there is new or increased earned income after the person turns 18. If yes, EID applies. If no, EID does not apply. EXAMPLE: A 17-year old who has been making $1,500 per year while in high school, graduates and turns 18 years old and begins making $10,000 per year. This person will qualify for EID because he meets the qualifying factor of being previously unemployed and has experienced an increase in earned income. Another example, a 17 year old (not a fulltime student) is making $12,000 per year, and turns 18 years old and is still making $12,000 per year. This person does not qualify for EID because she does not experience an increase in earned income nor does she meet one of the three qualifying factors. Q3: At reexamination, if some members of a household have increa

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