Instructions For Form 1040 - Draft Worksheet(S) And Tables - 2008 Page 18
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42B
Worksheet
Keep for Your Records
—Continued from page 49
Part 5
6.
Enter your total earned income from Part 4, line 4b,
6
on page 49.
All Filers Using
Worksheet B
7.
Look up the amount on line 6 above in the EIC Table on pages 51–58
to find the credit. Be sure you use the correct column for your filing
7
status and the number of children you have. Enter the credit here.
STOP
If line 7 is zero,
You cannot take the credit.
Enter “No” on the dotted line next to line 65a.
64
8.
Enter the amount from Form 1040, line 38.
8
9.
Are the amounts on lines 8 and 6 the same?
Yes.
Skip line 10; enter the amount from line 7 on line 11.
No.
Go to line 10.
10.
If you have:
Part 6
● No qualifying children, is the amount on line 8 less than $7,200
($10,200 if married filing jointly)?
Filers Who
● 1 or more qualifying children, is the amount on line 8 less than $15,750
Answered
($18,750 if married filing jointly)?
“No” on
Yes.
Leave line 10 blank; enter the amount from line 7 on line 11.
Line 9
No. Look up the amount on line 8 in the EIC Table on
pages 51–58 to find the credit. Be sure you use the correct
column for your filing status and the number of children
10
you have. Enter the credit here.
Look at the amounts on lines 10 and 7.
Then, enter the smaller amount on line 11.
This is your earned income credit.
Part 7
11
Enter this amount on
Your Earned
Reminder—
64
Form 1040, line 65a.
Income Credit
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 47 to find out if you must file Form 8862 to take the credit for
2008.
CAUTION
- 17 -
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