Enlarge image | Schedule IN-EIC Schedule IN-EIC: Indiana’s Earned Income Credit Enclosure Form IT-40/IT-40PNR You must enclose if claiming this credit on Forms IT-40 or IT-40PNR. Sequence No. 9 State Form 49469 (R23 / 9-23) 2023 Name(s) shown on Form IT-40/IT-40PNR Your Social Security Number Section A: Figure Your Indiana Earned Income Credit A-1 Enter the earned income credit from your federal income tax return _______________________ A-1 .00 A-2 Enter your earned income. (see instructions) _________________________________________ A-2 .00 A-3 Enter your Indiana earned income credit (Multiply Line A-1 by 10%). Carry this total to Form IT-40, Schedule 5, line 6, or Form IT-40PNR, Schedule F, line 6, Box A _________________ Indiana Earned Income Credit A-3 .00 Section B: Complete if you claimed one or more children on your federal Schedule EIC. See instructions. Enter each child’s information Child 1 Child 2 Child 3 First name Last name Child’s Social Security Number(s) Enter letter (e.g., A, B, ,Cetc.) in boxes below that describes each child’s relationship, age and location to you. Child 1 Child 2 Child 3 B-1 Relationship: A Your Child B Grandchild C Stepchild D Foster Child (not related) E Other (related foster child, or other related child - see instructions) B-2 Age: A Under age 18 B Age 18 C Age 19 - 24 and full-time student D Age 19 or older and totally disabled B-3 Location: A Child lived with you at least ½ of the year B Child was born or died in 2023, and lived with you while alive in 2023. Important: You must complete and attach this schedule to your Form IT-40 or IT-40PNR when claiming the earned income credit. *17223111694* 17223111694 |
Enlarge image | Instructions for Schedule IN-EIC Here are some important things to know when figuring this credit: Social Security Number. Your qualifying child must have a valid • You must be eligible for and have claimed an EIC on your Social Security number (SSN) unless the child was born and died federal tax return. If not, STOP. You are not eligible to claim in 2023.* Indiana’s EIC. • Your income on Form IT-40, line 1 (or Indiana’s Schedule A, Important: Enter information for the same child (or children) you line 36A), must be less than $63,398. If it is the same amount entered on your federal Schedule EIC wherever possible. or more, STOP. You are not eligible to claim Indiana’s EIC. • Schedule IN-EIC must be completed and enclosed by all filers Example. Marie has four children, three of whom she claimed for claiming the EIC. federal EIC purposes. All three children meet the requirements to be • Indiana’s Publication EIC is retired beginning with tax year 2023. a qualified child within Indiana. Since Marie may claim up to three qualified children on this schedule, she should list the three qualified children she claimed for federal EIC purposes. Caution: You must know what your federal earned income credit In Section B-1, the ‘Foster Child (not related)’ box (line D) is an is before you can figure your Indiana EIC. If you don’t know what unrelated child who was placed with you by an authorized placement your federal EIC is by Indiana’s filing due date, go ahead and file agency. your Indiana return without claiming the EIC. Then, when you find out what your federal EIC is, file an amended (corrected) Indiana In Section B-1, the ‘Other’ box (line E) includes a related foster child, tax return to claim your Indiana EIC. or your brother, sister, stepbrother, stepsister, or a descendant of your brother and/or sister, etc. (for example, your niece or nephew), whom you cared for as your own child. If, during 2023: *Exception. If your qualified dependent child was born and died in • you were an Indiana resident, and/or 2023 and you do not have a SSN for the child, enter the word “Died” • had income from Indiana sources, and in the third (largest) Social Security Number box associated with your • you claimed the EIC on your federal child’s name. You must keep a copy of the child’s birth certificate, income tax return, Form 1040, death certificate and/or hospital records with your records as the then you may be eligible to claim Indiana’s EIC. Indiana Department of Revenue (DOR) may request this information at a later date. The documents must show the child was born alive. Caution: Schedule IN-EIC must be filed with your tax return in order for you to be eligible to claim Indiana’s EIC. Exception Example Died Section A – Figure Your Indiana Earned Income Credit Line A-1. Enter the amount of earned income credit from your federal income tax return. Line A-2. Enter your earned income that you used to determine your federal earned income tax credit. Line A-3. Multiply Line A-1 by 10% (.10). Section B – Qualifying Child (Children) You must complete Section B if you are claiming one, two, or three children when figuring Indiana’s EIC. *24100000000* 24100000000 |