Instructions For Form 1040ez - Income Tax Return For Single And Joint Filers With No Dependents - 2004 Page 15
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35Form 1040EZ — Lines 8a and 8b
Continued from page 14
Definitions and Special Rules
Step 2
Earned Income
(listed in alphabetical order)
Combat pay, Nontaxable.
If you were a member of the U.S.
1. Figure earned income:
Armed Forces who served in a combat zone, certain pay is excluded
from your income. See Combat Zone Exclusion in Pub. 3. You can
Form 1040EZ, line 1
elect to include this pay in your earned income when figuring the
EIC. The amount of your nontaxable combat pay should be shown
Subtract, if included in line 1, any:
in Form(s) W-2, box 14, with code Q.
•
Taxable scholarship or fellowship
}
Credit figured by the IRS.
To have the IRS figure the credit for
grant not reported on a Form W-2.
you:
•
Amount paid to an inmate in a penal
1. Enter “EIC” in the space to the left of line 8a on Form
institution for work (enter “PRI” in
1040EZ.
the space to the left of line 1 on
2. Be sure you enter the nontaxable combat pay you elect to
Form 1040EZ).
include in earned income on Form 1040EZ, line 8b. See
Combat pay, Nontaxable, above.
•
Amount received as a pension or
3. If your EIC for a year after 1996 was reduced or disallowed,
annuity from a nonqualified deferred
see Form 8862, Who must file, below.
compensation plan or a
–
nongovernmental section 457 plan
Form 8862, Who must file.
You must file Form 8862 if your EIC
(enter “DFC” and the amount
for a year after 1996 was reduced or disallowed for any reason other
subtracted in the space to the left of
than a math or clerical error. But do not file Form 8862 if either of
line 1 on Form 1040EZ). This
the following applies.
amount may be shown on your
1. After your EIC was reduced or disallowed in an earlier year
Form W-2 in box 11. If you
(a) you filed Form 8862 (or other documents) and your EIC
received such an amount but box 11
was then allowed, and (b) your EIC has not been reduced or
is blank, contact your employer for
disallowed again for any reason other than a math or clerical
error.
the amount received as a pension or
annuity.
2. The only reason your EIC was reduced or disallowed in the
earlier year was because it was determined that a child listed
Add all of your nontaxable combat
on Schedule EIC was not your qualifying child.
pay if you elect to include it in
earned income.* Also enter this
Also, do not file Form 8862 or take the credit for:
•
amount on Form 1040EZ, line 8b.
2 years after the most recent tax year for which there was a
final determination that your EIC was reduced or disallowed
See Combat pay, Nontaxable on this
due to reckless or intentional disregard of the EIC rules, or
page.
+
•
10 years after the most recent tax year for which there was a
final determination that your EIC was reduced or disallowed
due to fraud.
!
Electing to include nontaxable
CAUTION
Members of the military.
If you were on extended active duty
combat pay may increase or decrease
outside the United States, your home is considered to be in the
your EIC. Figure the credit with and
United States during that duty period. Extended active duty is
without your nontaxable combat pay
military duty ordered for an indefinite period or for a period of more
than 90 days. Once you begin serving extended active duty, you are
before making the election.
considered to be on extended active duty even if you serve fewer
than 90 days.
Earned Income =
Social security number (SSN).
For purposes of taking the EIC, a
valid SSN is a number issued by the Social Security Administration
*The election cannot be made on the return of a taxpayer
unless “Not Valid for Employment” is printed on the social security
whose tax year ended before October 5, 2004, due to his or
card and the number was issued solely to apply for or receive a
her death.
federally funded benefit.
To find out how to get an SSN, see page 11. If you will not have
2. Is your earned income less than $11,490 ($12,490 if married
an SSN by April 15, 2005, see What If You Cannot File on Time?
filing jointly)?
on page 8.
Yes. Go to Step 3.
No.
STOP
Welfare benefits, Effect of credit on.
Any refund you receive as
You cannot take the credit.
a result of taking the EIC will not be used to determine if you are
eligible for the following programs or how much you can receive
from them. But if the refund you receive because of the EIC is not
Step 3
How To Figure the Credit
spent within a certain period of time, it may count as an asset (or
resource) and affect your eligibility.
•
1. Do you want the IRS to figure the credit for you?
Temporary Assistance for Needy Families (TANF).
•
Medicaid and supplemental security income (SSI).
Yes. See Credit fig-
No. Go to the worksheet
•
ured by the IRS on
on page 16.
Food stamps and low-income housing.
this page.
- 15 -
Need more information or forms? See page 5.
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