Instructions For Form 1040 - Draft Worksheet(S) And Tables - 2008 Page 17
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4264
64
B
Worksheet
—Earned Income Credit (EIC)—Lines 65a and 65b
Keep for Your Records
Use this worksheet if you answered “Yes” to Step 5, question 3, on page 46.
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
Part 1
1a
Section B, line 3, whichever applies.
Self-Employed,
+
1b
b.
Enter any amount from Schedule SE, Section B, line 4b, and line 5a.
Members of the
=
1c
Clergy, and
c.
Combine lines 1a and 1b.
People With
d.
Enter the amount from Schedule SE, Section A, line 6, or
–
1d
Church Employee
Section B, line 13, whichever applies.
Income Filing
=
e.
Subtract line 1d from 1c.
1e
Schedule SE
2.
Do not include on these lines any statutory employee income, any net profit from services performed
Part 2
as a notary public, or any amount exempt from self-employment tax as the result of the filing and
approval of Form 4029 or Form 4361.
Self-Employed
NOT Required
a.
Enter any net farm profit or (loss) from Schedule F, line 36, and from
2a
farm partnerships, Schedule K-1 (Form 1065), box 14, code A*.
To File
Schedule SE
b.
Enter any net profit or (loss) from Schedule C, line 31; Schedule C-EZ,
line 3; Schedule K-1 (Form 1065), box 14, code A (other than farming);
For example, your
+
2b
and Schedule K-1 (Form 1065-B), box 9, code J1*.
net earnings from
self-employment
were less than $400.
c.
Combine lines 2a and 2b.
=
2c
*Reduce any Schedule K-1 amounts by any partnership section 179 expense deduction claimed,
unreimbursed partnership expenses claimed, and depletion claimed on oil and gas properties. If you
have any Schedule K-1 amounts, complete the appropriate line(s) of Schedule SE, Section A. Enter
your name and social security number on Schedule SE and attach it to your return.
Part 3
Statutory Employees
3.
Enter the amount from Schedule C, line 1, or Schedule C-EZ, line 1, that
3
Filing Schedule
you are filing as a statutory employee.
C or C-EZ
Part 4
4a
4a. Enter your earned income from Step 5 on page 46.
All Filers Using
4b
Worksheet B
b. Combine lines 1e, 2c, 3, and 4a. This is your total earned income.
STOP
64
Note. If line 4b
If line 4b is zero or less,
You cannot take the credit.
Enter “No” on the dotted line next to line 65a.
includes income on
which you should
5.
If you have:
have paid self-
● 2 or more qualifying children, is line 4b less than $38,646 ($41,646 if married filing jointly)?
employment tax but
● 1 qualifying child, is line 4b less than $33,995 ($36,995 if married filing jointly)?
did not, we may
reduce your credit by
● No qualifying children, is line 4b less than $12,880 ($15,880 if married filing jointly)?
the amount of
self-employment tax
Yes. If you want the IRS to figure your credit, see page 46.
If you want to
not paid.
figure the credit yourself, enter the amount from line 4b on line 6 (page 50).
STOP
64
No.
You cannot take the credit.
Enter “No” on the dotted line next to line 65a.
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