Form It-40/it-40pnr - Schedule In-Eic - Indiana'S Earned Income Credit - 2012 Page 2
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1
2Instructions for Schedule IN-EIC
The way to figure Indiana’s earned income credit (EIC) has
Line A-2. Enter your earned income from Worksheet A, Part 1, line
changed. Here are some important things to know:
1, or from Worksheet B, Part 4, line 4b.
Line A-3. Enter your earned income credit from Worksheet A, Part
•
You must be eligible for and have claimed an EIC on your
federal tax return. If not, STOP. You are not eligible to claim
3, line 11, or from Worksheet B, Part 7, line 16.
Indiana’s EIC.
•
Your income on Form IT-40, line 1 (or Indiana’s Schedule A,
Section B – Qualifying Child (Children)
line 37A), must be less than $41,950. If it is the same amount
You must complete Section B if you are claiming one or two children
or more, STOP. You are not eligible to claim Indiana’s EIC.
when figuring Indiana’s EIC.
•
You must complete Worksheet A or Worksheet B, which can
be found in the IT-40 or IT-40PNR instruction booklets.
First, complete Step 3 of the EIC instructions. There you’ll find the
•
Schedule IN-EIC must be completed and enclosed by all filers
descriptions of who is a qualifying child for Indiana EIC purposes.
claiming the EIC.
•
No longer may this credit be claimed on Form IT-40EZ.
Social Security Number. Your qualifying child must have a valid
•
Indiana’s Publication EIC is available for additional information.
Social Security number (SSN) unless the child was born and died
It may be viewed online at
in 2012*.
Important: Enter information for the same child (or children) you
entered on your federal Schedule EIC wherever possible.
Caution: You must know what your federal earned income credit
is before you can figure your Indiana EIC. If you don’t know what
Example. Marie has four children, three of whom she claimed for
your federal EIC is by Indiana’s filing due date, go ahead and file
federal EIC purposes. All three children meet the requirements to
your Indiana return without claiming the EIC. Then, when you find
be a qualified child with Indiana. Since Marie may claim up to two
out what your federal EIC is, file an amended (corrected) Indiana
qualified children on this schedule, she should list two of the three
tax return, Form IT-40X, to claim your Indiana EIC.
she claimed for federal EIC purposes.
Example. Tim and Jane claimed their daughter and a foster child
(who lived with them for six months) as qualifying children for federal
If, during 2012:
EIC purposes. Since their foster child did not live with them the entire
•
you were an Indiana resident, and/or
year, the child is not a qualifying child for Indiana EIC purposes.
had income from Indiana sources, and
They may only claim their daughter as a qualifying child in Section B.
•
•
you claimed the EIC on your federal income tax return (Form
1040, 1040A or 1040EZ),
In Section B-1, the ‘Foster Child (not related)’ box (line D) is an un-
then you may be eligible to claim Indiana’s EIC.
related child who was placed with you by an authorized placement
agency and lived with you the entire year.
STOP. You must get the 2012 IT-40 or IT-40PNR instruction booklet
before you can continue. The instructions for how to figure Indiana’s
In Section B-1, the ‘Other’ box (line F) includes a related foster child
EIC begin on page 29 of the IT-40 instruction booklet (page 34 of the
who lived with you the entire year, or your brother, sister, stepbrother,
IT-40PNR instruction booklet). You may find these booklets online
stepsister, or a descendant of your brother and/or sister, etc. (for ex-
at
ample, your niece or nephew), whom you cared for as your own child.
Once you get the instructions, review Step 1 through Step 7, and
*Exception. If your qualified dependent child was born and died
complete either Worksheet A or Worksheet B to figure your Indi-
in 2012 and you do not have an SSN for the child, enter the word
ana EIC. After you have completed the worksheet, return to these
“Died” in the third (largest) Social Security Number box associated
instructions and finish Schedule IN-EIC.
with your child’s name. You must keep a copy of the child’s birth
certificate, death certificate and/or hospital records with your records
Caution: Schedule IN-EIC must be filed with your tax return in order
as the Department may request this information at a later date. The
for you to be eligible to claim Indiana’s EIC.
documents must show the child was born alive.
Section A – Figure Your Indiana Earned Income Credit
Died
Exception Example.
Line A-1. Enter the amount of earned credit from your
•
Federal Form 1040, line 64a, or
•
Federal Form 1040A, line 38a, or
•
Federal Form 1040EZ, line 8a.
*24100000000*
24100000000
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