Form It-40 - Indiana Full-Year Resident Individual Income Tax Booklet - 2012 Page 33
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64Worksheet A – Indiana’s Earned Income Credit (EIC)
Keep for your records
Before you begin: Be sure you are using the correct worksheet. Only use this worksheet if you answered “No” to Step 6, question 3. Instead, use
the Worksheet B that follows this one.
Part 1: All filers using Worksheet A
1.
Enter your earned income from Step 6, Box B.
1 _____________
2.
Look up the amount on line 1 above in the Indiana Earned Income Credit Table (beginning on page 36) to find
the credit. Be sure you use the correct column for the number of children you can claim. Enter the credit here.
2 _____________
If line 2 is zero, STOP. You cannot claim the credit.
3.
Enter your modified adjusted gross income from Step 5, Box A
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.
Part 2: Filers who answered “No” on line 4
5.
If you have:
•
No qualifying children, is the amount on line 3 less than $7,800?
•
1 or more qualifying children, is the amount on line 3 less than $17,100?
Yes. Leave line 5 blank; enter the amount from line 2 on line 6.
No. Look up the amount on line 3 in the Indiana Earned Income Credit Table to find the credit. Be sure
you use the correct column for the number of children you can claim. Enter the credit here.
5 _____________
Look at the amounts on line 5 and 2. Then, enter the smaller amount on line 6.
Part 3: Your Indiana earned income credit
6.
This is the amount from Part 1 or Part 2 above.
6 _____________
7.
If you have an alternative minimum tax on either your federal Form 1040, line 45, or
included in the total on federal Form 1040A, line 28, then multiply that amount by 9 percent (.09) and
enter the result here.
7 _____________
8.
Subtract line 7 from line 6 (if zero or less, STOP. You cannot take a credit). Enter this amount here.
8 _____________
9.
Enter the earned income credit claimed on your federal income tax return
(Form 1040, line 64a; Form IT-40A, line 38a; or Form 1040EZ, line 8a)
9 ____________
10. Multiply line 9 by .09 (9%). Enter result here.
10 ____________
11. Look at the amount on line 8 and on line 10. Then, enter the smaller amount here
and on Schedule IN-EIC, line A-3.
Indiana Earned Income Credit
11 ____________
Final Step – You must complete Schedule IN-EIC and enclose it with your filing.
Page 33
IT-40 Booklet 2012
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