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Schedule EIC (Form 1040) 2023. Page . 2 . 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). 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 ...
Information about Schedule EIC (Form 1040 or 1040-SR), Earned Income Credit, including recent updates, related forms, and instructions on how to file. Schedule EIC (Form 1040 or 1040-SR) is used by filers who claim the earned income credit to give the IRS information about the qualifying child.
You use Schedule EIC to claim the EIC with one or more qualifying children (maximum of three). To qualify, a child must meet the tests for residency, age, joint returns and relationship. These include:
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
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,
Before you begin: • See the instructions for Form 1040 or 1040-SR, line 27, to make sure that (a) you can take the EIC, and (b) you have a qualifying child. • Be sure the child’s name on line 1 and social security number (SSN) on line 2 agree with the child’s social security card.
Download or print the 2023 Federal 1040 (Schedule EIC) (Earned Income Tax Credit) for FREE from the Federal Internal Revenue Service.
To claim the earned income tax credit, taxpayers must file Schedule EIC with their tax return. In this article, we’ll walk through everything you need to know about this important tax form, including: How to complete Schedule EIC; Qualifying criteria for the earned income credit; Frequently asked questions about Schedule EIC
taxpayer can use the Social Security number to claim EIC if they otherwise qualify. Note: Taxpayer must check the checkbox on Schedule EIC for MFS treated as not married for purpose of claiming EIC to claim the credit.
Go to www.irs.gov/ScheduleEIC for the latest information. (b) you have a qualifying child. Be sure the child’s name on line 1 and social security number (SSN) on line 2 agree with the child’s social security card. Otherwise, at the time we process your return, we may reduce your EIC.