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The EIC is a tax credit for certain people who work and have earned income under $63,398. 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.
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 ...
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. 1. Enter your earned income from Step 5. 2. Look up the amount on line 1 above in the EIC Table in the instructions. to find the credit.
Complete this form and determine if you qualify for EIC. Upload your form electronically using the Document Upload Tool or mail in the enclosed envelope. Refer to your CP09 notice for additional information regarding the Document Upload Tool.
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 ...
2021 Earned Income Credit (EIC) Table Caution. This is not a tax table. 1. To find your credit, read down 2.
The earned income credit (EIC) is a refundable tax credit for most people who work but do not earn high . incomes. The purpose of the EIC is to reduce the tax burden and to supplement the wages of working . families whose earnings are less than the maximums for their filing status. Eligible taxpayers can receive a
