Quick question that wikipedia isn’t helping on. Looking at my 1040EZ, there’s a spot for Earned Income Credit. The internet tells me I qualify, but I can’t figure out if I’m supposed to use gross taxable income, or the strange number that I get after subtracting $8750 from it.
HALP!
Instructions. You need to know your earned income (1040 line 7) and AGI (1040 line 37/38, 1040A line 22). The actual amount depends on if you have 2, 1, or 0 children.
Since you’re filling out the 1040EZ, that’s lines 1 (wages,tips,etc) and 4 (AGI). You can have the IRS figure it out for you, or use the worksheet in pages 11-14 of the 1040 EZ instructions (PDF)
I was hoping it was post-deduction. Oh well.