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2022 WORKSHEET A, EARNED INCOME CREDIT (EIC) - LINE 27 Keep for Your Records Before you begin: Be sure you are using the correct worksheet. Use this worksheet only if you answered "No" to Step 5, question 2, in the instructions. Otherwise, use Worksheet B. PART 1 1. Enter your earned income from Step 5 1 All Filers Using
What Is the EIC? The EIC is a tax credit for certain people who work and have earned income under $59,187. A tax credit usually means more money in your pocket. It reduces the amount of tax you owe. The EIC may also give you a refund. Can I Claim the EIC? To claim the EIC, you must meet certain rules. These rules are summarized in Table 1. Table 1.
To figure the EIC yourself, use the EIC Worksheet in the Instructions for Form 1040. If you have a qualifying child, complete Schedule EIC (discussed later in this chapter) and attach it to your tax return.
After you have figured your earned income credit (EIC), use Schedule EIC to give the IRS information about your qualifying child(ren). See the instructions for Form 1040, line 27, for information on who may be a qualifying child. To figure the amount of your credit or to have the IRS figure it for you, see the instructions for Form 1040, line 27.
2020 WORKSHEET A, EARNED INCOME CREDIT (EiC) - LINE 27 Keep for Your Records Before you begin: • Be sure you are using the correct worksheet. Use this worksheet only if you answered "No" to Step 5, question 2, in the instructions. Otherwise, use Worksheet B. PART 1 All Filers Using Worksheet A PART2 Filers Who Answered "No" on Line 4 PART3 1 ...
2022 EIC WORKSHEET B - LINE 4a Keep for Your Records Earned income from Step 5 in the 1040/1040-SR instructions 1. Form 1040 or 1040-SR, line 1z amount 1. 2. If member of clergy, amount from line 1 also reported on Schedule SE, line 2 2. 3. 8. Nontaxable combat pay if elected to include in 8. 9. Total earned income. Add lines 7 and 8 9. FDA ...
Figuring and Claiming the EIC: 1. Your adjusted gross income (AGI) must be less than: $53,057 ($59,187 for married filing jointly) if you have three or more qualifying children,