Form 1040 - Lines 60a And 60b - Earned Income Credit (Eic) Instruction Page 6
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10Form 1040—Lines 60a and 60b
B
Worksheet
—Earned Income Credit (EIC)—Lines 60a and 60b
Keep for Your Records
Use this worksheet if you were self-employed, or you are filing Schedule SE because you
had church employee income, or you are filing Schedule C or C-EZ as a statutory employee.
Complete the parts below (Parts 1 through 3) that apply to you. Then, continue to Part 4.
If you are married filing a joint return, include your spouse’s amounts, if any, with yours to figure the
amounts to enter in Parts 1 through 3.
1a.
Enter the amount from Schedule SE, Section A, line 3, or
1a
Part 1
Section B, line 3, whichever applies.
+
1b
Self-Employed
b.
Enter any amount from Schedule SE, Section B, line 4b, and line 5a.
and People
=
1c
c.
Add lines 1a and 1b.
With Church
Employee
d.
Enter the amount from Schedule SE, Section A, line 6, or
–
1d
Section B, line 13, whichever applies.
Income Filing
Schedule SE
=
e.
Subtract line 1d from 1c.
1e
2.
Do not include on these lines any statutory employee income or any amount exempt from
Part 2
self-employment tax as the result of the filing and approval of Form 4029 or Form 4361.
Self-Employed
a.
Enter any net farm profit from Schedule F, line 36, and from farm
2a
partnerships, Schedule K-1 (Form 1065), line 15a.
NOT Filing
Schedule SE
b.
Enter any net profit from Schedule C, line 31; Schedule C-EZ, line 3;
Schedule K-1 (Form 1065), line 15a (other than farming); and
+
2b
Schedule K-1 (Form 1065-B), box 9.
For example, your
net earnings from
self-employment
c.
Add lines 2a and 2b.
=
2c
were less than $400.
Part 3
Statutory
3.
Enter the amount from Schedule C, line 1, or Schedule C-EZ, line 1, that
3
Employees
you are filing as a statutory employee.
Filing Schedule
C or C-EZ
4a
Part 4
4a.
Add lines 1e, 2c, and 3.
All Filers Using
+
4b
b.
Enter your nontaxable earned income from Step 7, Box B, on page 42.
Worksheet B
+
4c
c.
Enter your taxable earned income from Step 7, Box C, on page 42.
Note. If line 4d
includes income on
which you should
=
d. Add lines 4a, 4b, and 4c. This is your total earned income.
4d
have paid self-
employment tax but
5.
If you have:
did not, we may
● 2 or more qualifying children, is line 4d less than $31,152?
reduce your credit by
● 1 qualifying child, is line 4d less than $27,413?
the amount of
self-employment tax
● No qualifying children, is line 4d less than $10,380?
not paid.
Yes. If you want the IRS to figure your credit, see page 42. If you want to figure
the credit yourself, enter the amount from line 4d on line 6 (page 46).
STOP
No.
You cannot take the credit.
Put “No” directly to the right of line 60a.
(Continued on page 46)
- 45 -
Need more information or forms? See page 7.
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