Can Form 1040EZ be used to claim the earned income credit?
The earned income credit for persons with a qualifying child cannot be claimed on Form 1040EZ. The earned income credit for persons without qualifying children can be claimed on Form 1040EZ. However, several requirements must be met to use Form 1040EZ. If you do not meet all of them, you must use Form 1040A or Form 1040. For additional information on the requirements, refer to Tax Topic 352, Which Form - 1040, 1040A or 1040EZ.
References:
- Form 1040, U.S. Individual Income Tax Return
- Form 1040A, U.S. Individual Income Tax Return
- Form 1040EZ, U.S. Individual Income Tax Return for Single and Joint Filers with No Dependents
- Tax Topic 352, Which Form - 1040, 1040A or 1040EZ
What are advance earned income credit payments?
If you expect to qualify for the earned income credit in 2001, you may be able to start getting part of the credit with your pay in 2001, instead of waiting until you file your 2001 tax return in 2002. This is called the advance earned income credit or AEIC.
To get part of the credit with your pay, you must expect to have at least one qualifying child, and expect to meet certain other conditions. You cannot get the AEIC if you do not expect to have a qualifying child, even if you will be eligible to claim the earned income credit on your 2001 return. To see if you qualify, refer to Form W-5, Earned Income Credit Advance Payment Certificate, or Publication 596, Earned Income Credit. Additional information on the advance earned income credit is also available in Tax Topic 754.
References:
If both parents want to claim the Earned Income Credit, who is entitled to it if there was no marriage?
If the child is a qualifying child of both parents, then only the parent with the higher modified Adjusted Gross Income may be able to claim the Earned Income Credit.
Refer to Publication 596, Earned Income Credit, for full discussion of the Earned Income Credit rules.
References:
Can I get the earned income credit?
You may be able to take this credit for 2000 if you did not have a qualifying child who didn't live with you and you earned less than $10,380. You may also be able to take this credit if you had one qualifying child who lived with you and you earned less than $27,413, or you had more than one qualifying child and you earned less than $31,152. Other rules apply. For details, refer to Tax Topic 601, Earned Income Credit (EIC), or Publication 596, Earned Income Credit.
References:
Tax Topics & FAQs | 2000 Tax Year Archives | Tax Help Archives | Home
