Search results
EIC Worksheet B. Use EIC Worksheet B if you were self-employed at any time in 2023 or are a member of the clergy, a church employee who files Schedule SE, or a statutory employee filing Schedule C. If any of the following situations apply to you, read the paragraph and then complete EIC Worksheet B.
Worksheet B—2023 EIC —Lines 27 Summary: This flowchart represents the worksheet information listed on Worksheet B, page 1, to determine your Earned Income Credit. Start
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. 1. Enter your earned income from.
Look up the amount on line 1 above in the EIC Table (right after Worksheet B) to find the credit. Be sure you use the correct column for your filing status and the number of qualifying children you have who have a valid SSN as defined earlier.
14. You must have lived in the United States more than half of the year. 15. Your earned income must be less than: $53,057 ($59,187 for married filing jointly) if you have three or more qualifying children, $49,399 ($55,529 for married filing jointly) if you have two qualifying children, $43,492 ($49,622 for married filing jointly) if you have ...
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.
Purpose of Schedule. After you have figured your earned income credit (EIC), use Schedule EIC to give the IRS information about your qualifying child(ren). To figure the amount of your credit or to have the IRS figure it for you, see the instructions for Form 1040, lines 27a, 27b, and 27c. Special rule for separated spouses.
