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In addition to these income limits, you cannot have earned more than $11,600 in investment income in 2024 to qualify for the EITC. The EITC works on a sliding scale, with taxpayers that have less ...
IRS 1040 Instructions 2010, Earned Income Credit instructions on pages 45–48, optional worksheets 49–51, credit table itself 51–58. Only required attachment is Schedule EIC if one is claiming a qualifying child. IRS Schedule EIC. A person or couple claiming qualifying child(ren) needs to attach this form to the 1040 or 1040A tax return.
2020 Tax Year Earned Income Tax Credit Income Limits . If your filing status is: Number of Qualifying Children. 0. 1. 2. 3. Single. $15,820. $41,756. $47,440. $50,594
To qualify for EITC, you must be between 25 and 64 years old and have earned income within certain limits. The amount of your credit also depends on the number of kids you have and your filing status.
Schedule EIC is used to document a taxpayer's eligibility for the Earned Income Credit. Schedule F is used to report income and expenses related to farming. Schedule H is used to report taxes owed due to the employment of household help. Schedule J is used when averaging farm income over a period of three years. Schedule L (until 2010) was used ...
(2009 and 2010) was used to claim the Making Work Pay tax credit (6.2% earned income credit, up to $400). [28] N/A Schedule R Is used to calculate the Credit for the Elderly or the Disabled. Sch. 3 line 6d Schedule SE Is used to calculate the self-employment tax owed on income from self-employment (such as on a Schedule C or Schedule F, or in a ...
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