1999 Tax Help Archives  

Pub. 17, Chapter 37 - Earned Income Credit

Introduction

This is archived information that pertains only to the 1999 Tax Year. If you
are looking for information for the current tax year, go to the Tax Prep Help Area.

Download: Form 1040 • 1040 Instructions PDF or HTML
Schedule A & BForm 1040AForm 1040EZTax Tables

The earned income credit (EIC) is a tax credit for people who work and have earned income under $30,580. A tax credit usually means more money in your pocket. It reduces the amount of tax you owe. The EIC may also give you a refund.

How do you get the earned income credit?
To get the earned income credit, you must:

  1. Qualify by meeting certain rules, and
  2. File a tax return, even if you:
    1. Do not owe any tax,
    2. Did not earn enough money to file a return, or
    3. Did not have income taxes withheld from your pay.

When you complete your return, you can figure your earned income credit by using a worksheet in the instructions for the return. Or, if you prefer, you can let the IRS figure the credit for you.

How will this chapter help you?
This chapter will explain the following:

  • What rules you must meet to qualify for the credit,
  • How to figure the credit, and
  • How to get advance payment of the credit in your paycheck.

To learn about the rules you must meet, first read Do You Qualify for the Credit? later.

Previous | Next

Publication 17 | 1999 Tax Year Archives | Tax Help Archives | Home