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New York State Department of Taxation and Finance for Office Use Only Claim for Earned Income Credit it 215 Please Enter Your Fi Form

New York State Department of Taxation and Finance for Office Use Only Claim for Earned Income Credit it 215 Please Enter Your Fi Form

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all right for this video we want to go over a sample earned income tax credit for the 2023 year so we've got the schedule EIC here it's part of our sample taxpayers full 1040 so we'll go over this as well we do have the IRS publication 596 for the EIC and this will be helpful uh for reference because it lays out who qualifies what are the limitations and it includes the tables that will need to actually look up the amount of earned income credit for our taxpayer and then I have just one slide here covering some of the background and then the fact pattern itself so the earned income credit it's generally available to most taxpayers that are living in the US uh so unfortunately if you're a US citizen living overseas you generally don't get this uh and the credit mostly benefits the lower to middle- income taxpayers and that's because when you make uh you know what the IRS considers too much money the earned in income credit phases o

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