Figure B. Steps To Follow To Have the IRS Figure Your EIC

Figure B. Steps To Follow To Have the IRS Figure Your EIC

Summary: This is a portion of a tax return with line items numbered to correspond with instructions listed below describing what the taxpayer should enter (or not enter) on these items if they require the I.R.S. to determine their earned income credit. The text states:

Line 27 Earned income credit (EIC)
Line 28 Additional child tax credit. Attach Schedule 8812
Line 29 American opportunity credit from Form 8863, line 8
Line 30 Recovery rebate credit. See instructions
Line 31 Amount from Schedule 3, line 13
Line 32 Add lines 27 through 31. These are your total other payments and refundable credits
Line 33 Add lines 25d, 26, and 32. These are your total payments
(1) Enter EIC in the space to the left of Form 1040 or 1040-SR ,line 27. Then, if you have any of the types of income described earlier under Inmate’s income, Pension or annuity from deferred compensation plans, Medicaid waiver payments, or Clergy, follow the instructions given there. If you received nontaxable combat pay and are electing to include it in your earned income for the EIC, enter the amount of the nontaxable combat pay and write "NCP" in the space to the left of Form 1040 or 1040-SR, line 27. For details, see Nontaxable combat pay in this chapter.
(2) Complete all other parts of your return that apply to you.
(3) Do not fill in lines that relate to your total payments, overpayment, refund, or amount you owe (lines 33, 34, 35a, and 37 (Form 1040 or 1040-SR).
(4) If you have a qualifying child, complete Schedule EIC and attach it to your tax return.