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Form 8862 Online NV: What You Should Know
IRS Form 8862, Information To Claim Certain Credit After Disallowance, includes information about each credit: EIC: Earned income credit (EIC) 500.00/credit; 2,000.00/10. AIC: American initiative charitable contribution credit (ICC) 1% of the donated amount. 10. ATC : American opportunity tax credit (ATC) 1% of the donated amount. 10. ATC-O : ATC-one plan contributions and qualified tuition programs (in excess of 500/semester spent in a tax year); qualified tuition programs 1.00 from the following sources: tax-exempt private foundation; a state's high school choice program; a public library with at least 20,000 volumes and books; a state public library; or another qualified scholarship or grant application. 10. ATC-two : ATC-two plan contributions; qualified tuition programs 2.00 from the following sources: tax-exempt private foundation; a state's high school choice program; a public library with at least 20,000 volumes and books; a state public library; or another qualified scholarship/grant application. EIC Requirements You must use Form 8862 to claim the EIC if you meet these requirements: The filing date is after the due date of your U. S. personal income tax return filed for the tax year. The filing date is more than 15 days after the U. S. tax year-end date, or the due date of your return (Form 1040X) if you are filing electronically. You have unreported earnings. You had a total adjusted gross income of less than certain amounts before you received a Form 8862. Furthermore, you are claiming a credit for a tax year before the due date of your income tax return for that year. Furthermore, you filed Form 8862 in a previous year, or the tax return was filed with an extension for tax year 2024 tax paid in a later year than the due date of your income tax return for that tax year or your claim was pending. Earned Income Credit The Earned Income Credit is a refundable tax credit that is made on the first 200 in after-tax wages, tips, or other income you receive each month. EIC Requirements You must use Form 8862 to claim the EIC if: You have unreported earnings.
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