Refundable vs Nonrefundable credits - Earned Income Credit - Computing Earned Income Credit

5 important questions on Refundable vs Nonrefundable credits - Earned Income Credit - Computing Earned Income Credit

What is the first step to calculate EITC?

Determine eligibility (all rules met).

Which schedule is used to count qualifying children for EITC?

Count qualifying children (use Schedule EIC).

Where do you find AGI and earned income for EITC calculation?

Find AGI and earned income (Form 1040).
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What should be used to find the EITC table?

Use the EITC table (or Worksheet B in Form 1040 instructions).

How is the credit amount located for EITC?

Locate credit amount based on income, filing status, and number of children.

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