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Form 1040 (Schedule Eic) Downey California: What You Should Know

How to Claim the Earned Income Tax Credit: Forms and Information Jun 17, 2024 BE — To file a tax return for the 2024 filing period, complete Form 1040. If you filed an estimated tax return or an estimated refund return during 2014, you may need to file a Form 1040 before filing anything else. See Publication 1250, for more information. Publication 1250 (or an electronic version of this information) is available in all tax-preparation software packages. Publication 1250 is also available in most libraries and at for you to print and save on your computer. What is the Earned Income Tax Credit? The Earned Income Tax Credit (ETC), sometimes called the Child Tax Credit or the Child Tax Credit, is a tax credit for parents and other adults who have dependent children in the United States. It's designed to offset the tax consequences of supporting your child. What Is the Earned Income Tax Credit and How Will My Child Claim it? ETC is a tax credit of up to 1,000 per child for qualifying individuals who have dependent children in the United States. Parents can also apply for the credit when qualifying for the child tax credit on their own tax return or if one of their dependents is eligible for the credit. There is no maximum credit available for each child. The credit is available to parents or other adults who are filing with a qualifying child. The child must meet any of the following tests for their filing status: Are a U.S. citizen or permanent resident. Are either the qualifying individual's: -- Spouse or the qualifying individual's -- If unmarried, the qualifying individual's Child 1 has an ITIN. If Child 1 has an ITIN, an LATIN, or an SSN that is not considered a valid SSN as defined in  2022 Schedule EIC (Form 1040) — IRS 2023 Schedule EIC (Form 1040) — IRS If Child 1 is claimed as dependent on Parent A's return, the child is considered to be a qualifying child for purposes of this credit.  If Child 1 is NOT claimed as dependent on Parent A's return, the child is not considered a qualifying child on Parent's return. If Child 1 has an ITIN.

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