Steps to Take in Claiming the EIC
NOTE: Glossary words are highlighted. Click on any glossary word to see its definition.
Steps to take in claiming the Earned Income Credit:
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Step 1: Determine that you seem to be eligible.
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Step 2: Obtain necessary tax forms (e.g., Form 1040A, Schedule EIC, etc. further described below).
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Step 3: Locate and organize your financial records (e.g., W-2 form given to you by your employer which indicates your earnings, end of year bank interest statements, etc.).
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Step 4: Accurately fill out the necessary tax forms.
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Step 5: Check again to make sure that you still seem to be eligible (e.g., your earned income is still under the limits).
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Step 6: Mail (or electronically submit) the forms to the Internal Revenue Service (IRS).
Note: You do not have to owe taxes to complete a "tax form" and send it to the IRS. Submitting the necessary "tax forms" to the IRS is necessary in order to claim (apply for) the EIC.
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