2007 Instructions For Form 1040 - Draft Worksheet(S) And Tables Page 16
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39A
Worksheet
—Earned Income Credit (EIC)—Lines 66a and 66b
Keep for Your Records
Before you begin:
Be sure you are using the correct worksheet. Use this worksheet only if you
answered “No” to Step 5, question 3, on page 48. Otherwise, use Worksheet B
that begins on page 51.
1.
Enter your earned income from Step 5 on page 48.
1
Part 1
All Filers Using
2.
Look up the amount on line 1 above in the EIC Table on pages 53–59
Worksheet A
to find the credit. Be sure you use the correct column for your filing
2
status and the number of children you have. Enter the credit here.
STOP
If line 2 is zero,
You cannot take the credit.
Enter “No” on the dotted line next to line 66a.
3.
Enter the amount from Form 1040, line 38.
3
4.
Are the amounts on lines 3 and 1 the same?
Yes.
Skip line 5; enter the amount from line 2 on line 6.
No.
Go to line 5.
5.
If you have:
● No qualifying children, is the amount on line 3 less than $7,000
Part 2
($9,000 if married filing jointly)?
● 1 or more qualifying children, is the amount on line 3 less than
Filers Who
$15,400 ($17,400 if married filing jointly)?
Answered
“No” on
Yes.
Leave line 5 blank; enter the amount from line 2 on line 6.
Line 4
No. Look up the amount on line 3 in the EIC Table on
pages 53–59 to find the credit. Be sure you use the correct
column for your filing status and the number of children
5
you have. Enter the credit here.
Look at the amounts on lines 5 and 2.
Then, enter the smaller amount on line 6.
6.
This is your earned income credit.
6
Part 3
Enter this amount on
Form 1040, line 66a.
Your Earned
Income Credit
Reminder—
1040
If you have a qualifying child, complete and attach Schedule EIC.
EIC
If your EIC for a year after 1996 was reduced or disallowed, see
page 49 to find out if you must file Form 8862 to take the credit for
2007.
CAUTION
- 15 -
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