Form 1040 Instructions - 2015 Page 54

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2015 Form 1040—Lines 66a and 66b
Lines 66a and 66b—
Earned Income Credit (EIC)
4. Are you filing Form 2555 or 2555-EZ (relating to foreign
earned income)?
No. Continue
Yes.
STOP
What Is the EIC?
You can't take the
The EIC is a credit for certain people who work. The credit may
credit.
give you a refund even if you do not owe any tax or did not
have any tax withheld.
5. Were you or your spouse a nonresident alien for any part of
To Take the EIC:
2015?
Yes. See Nonresident
No. Go to Step 2.
Follow the steps below.
aliens, later, under
Complete the worksheet that applies to you or let the IRS
Definitions and Special
figure the credit for you.
Rules.
If you have a qualifying child, complete and attach Sched-
Investment Income
Step 2
ule EIC.
For help in determining if you are eligible for the EIC, go to
and click on “EITC Assistant.” This service is
1. Add the amounts from
available in English and Spanish.
Form 1040:
If you take the EIC even though you aren't eligible and
Line 8a
!
it is determined that your error is due to reckless or
Line 8b
+
intentional disregard of the EIC rules, you won't be al-
CAUTION
Line 9a
+
lowed to take the credit for 2 years even if you are otherwise el-
igible to do so. If you fraudulently take the EIC, you won't be
Line 13*
+
allowed to take the credit for 10 years. See Form 8862, who
must file, later. You may also have to pay penalties.
Investment Income
=
All Filers
Step 1
*If line 13 is a loss, enter -0-.
1. If, in 2015:
3 or more children lived with you, is the amount on Form
1040, line 38, less than $47,747 ($53,267 if married
2. Is your investment income more than $3,400?
filing jointly)?
Yes. Continue
No. Skip question 3; go
2 children lived with you, is the amount on Form 1040,
to question 4.
line 38, less than $44,454 ($49,974 if married filing
jointly)?
1 child lived with you, is the amount on Form 1040,
3. Are you filing Form 4797 (relating to sales of business
line 38, less than $39,131 ($44,651 if married filing
property)?
jointly)?
No children lived with you, is the amount on Form 1040,
Yes. See Form 4797
No.
STOP
line 38, less than $14,820 ($20,330 if married filing
filers, later, under
jointly)?
You can't take the credit.
Definitions and Special
Yes. Continue
No.
Rules.
STOP
You can't take the credit.
4. Do any of the following apply for 2015?
You are filing Schedule E.
2. Do you, and your spouse if filing a joint return, have a
You are reporting income from the rental of personal
social security number that allows you to work and is valid
property not used in a trade or business.
for EIC purposes (explained later under Definitions and
You are filing Form 8814 (relating to election to report
Special Rules)?
child's interest and dividends on your return).
Yes. Continue
No.
You have income or loss from a passive activity.
STOP
Yes. Use Worksheet 1
No. Go to Step 3.
You can't take the credit.
Enter “No” on the dotted
in Pub. 596 to see if you
line next to line 66a.
can take the credit.
3. Is your filing status married filing separately?
Yes.
No. Continue
STOP
You can't take the
credit.
-54-
Need more information or forms? Visit IRS.gov.

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