In 2019, Jeff spends $6,000 on solar panels to heat water for his main home. What is
Question:
In 2019, Jeff spends $6,000 on solar panels to heat water for his main home. What is Jeff’s credit for his 2019 purchases?
Transcribed Image Text:
SCHEDULE EIC (Form 1040 or 1040-SR) Earned Income Credit OMB No. 1545-0074 1040 Qualifying Child Information Complete and attach to Form 1040 or 1040-SR only if you have a 1040-SR EIC 2019 Attachment Sequence No. 43 Department of the Treasury qualifying child. Internai Revenue Service (6 Go to www.irs.gov/ScheduleEIC for the latest information. Name(s) shown on retum Your social security number • See the instructions for Form 1040 or 1040-SR, line 18a, to make sure that (a) you can take the EIC, and (b) you have a qualifying child. Be sure the child's name on line 1 and social security number (SSN) on line 2 agree with the child's social security card. Otherwise, at the time we process your return, we may reduce or disallow your EIC. If the name or SSN on the child's social security card is not correct, call the Social Security Administration at 1-800-772-1213. Before you begin: • You can't claim the EIC for a child who didn't live with you for more than half of the year. • Ifyou take the EIC even though you are not eligible, you may not be allowed to rake the credit for up to 10 years, See the instructions for details. CAUTION It will take us longer to process your return and issue your refund if you do not fill in all lines that apply for each qualifying child. Qualifying Child Information 1 Child's name Child 1 Child 2 Child 3 First name Last name First name Last name First name Last name 5ƠNOT FILE If you have more than three qualifying children, you have to list only three to get the maximum credit. 2 Child's SSN The child must have an SSN as defined in the instructions for Form 1040 or 1040-SR, line 18a, unless the child was born and died in 2019. If your child was born and died in 2019 and did not have an SSN, enter "Died" on this line and attach a copy of the child's birth certificate, death certificate, or hospital medical records showing a live birth. 3 Child's year of birth Year Year Year f barn after 200 and the child is hern ufter 2000 and the child is nger than yoe for your spense ounger than a (or yur spoue, i unger than ya tar yur spose, if Jiling jnintly skip lines da und 4b: e to line 5 / born after 2000 and the child in filing jointlv skip lines da imd th go to line S filing jintly), skip lines du and 4h go to line 5
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 69% (13 reviews)
Russ and Linda are married and file a joint tax return clai...View the full answer
Answered By
Hardik Dudhat
I am semi-qualified Chemical Engineering ,I have scored centum in accounting in my senior secondary and in my graduation. I have always helped my fellow students with their concerns on the subject, i have tutored on various tutoring sites in the past and also have taken home tuitions for degree and MBA students. As a tutor, I don't want my students to just get a solution, I want them to understand the concept and never have a doubt in that area thereon and i believe in excelling and not in educating.
0.00
0 Reviews
10+ Question Solved
Related Book For
Income Tax Fundamentals 2020
ISBN: 9780357108239
38th Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven Gill
Question Posted:
Students also viewed these Business questions
-
In 2016, Jeff spends $6,000 on solar panels to heat water for his main home. What is Jeff's credit for his 2016 purchases?
-
In 2018, Jeff spends $6,000 on solar panels to heat water for his main home. What is Jeffs credit for his 2018 purchases? SCHEDULE EIC OMB No. 1545-0074 Earned Income Credit (Form 1040) Qualifying...
-
Mike bought a solar electric pump to heat his pool at a cost of $2,500 in 2016. What is Mike's credit?
-
Consider examples 9.2 and 9.3. Assume that social damage is quadratic as in the examples. Following section 9.2.3, assume that the regulator can only set a uniform tax. Determine the formula for the...
-
Outline the major sources of leader power and explain how leaders can use power to encourage subordinate commitment.
-
Haberdashery Ltd is currently undergoing an equal access share buy-back scheme and is concurrently having an on-market buy-back of $500 million. The market price of Haberdashery Ltd is now quoted at...
-
Explain synchronous and asynchronous communication in relation to elearning.
-
Travelers pay taxes for ying, car rentals, and hotels. The following data represent the total travel tax for a 3-day business trip in eight randomly selected cities. (a) Determine a point estimate...
-
1. What do the totals at the end of the journal entry report mean? 2. What was the net income of Binh's Bins for the month of June? 3. How much did the company owe to the creditors (recorded as...
-
Chemical Inc. has set the following standards for direct materials and direct labor for each 20-pound bag of Weed-Be-Doom: Per Bag Direct materials: 25 pounds XF2000 @ $0.11/pound$2.75 Direct labor:...
-
Mike bought a solar electric pump to heat his pool at a cost of $2,500 in 2019. What is Mikes credit?
-
George and Amal file a joint return in 2019 and have AGI of $39,800. They each make a $1,600 contribution to their respective IRAs. Assuming that they are not eligible for any other credits, what is...
-
Using the Web sites for The Economist, Financial Times or The Wall Street Journal, find 3-4 articles about trade blocs or multinationals and their effect on the world economy. Summarize the material...
-
Which of the following is a possible explanation for pleiotropy? a. The expression of a single gene can affect cell function in more than one way. b. A gene may be expressed in different cell types...
-
A female mouse that is Igf 2 Igf 2 is crossed to a male that is also Igf 2 Igf 2. The expected outcome for the phenotypes of the offspring for this cross is a. all normal size. c. 1 normal size : 1...
-
DNA polymerase III is a processive enzyme, which means that a. it does not dissociate from the template strand after it has attached a nucleotide to the 3 end. b. it makes a new strand very quickly....
-
In Nolls experiment to test the beads-on-a-string model, exposure of nuclei from rat liver cells to a low concentration of DNase I resulted in a. a single band of DNA with a size of approximately 200...
-
What is the function of the kinetochore during mitosis? a. It promotes the attachment of monads to each other to form a dyad. b. It is a location where a kinetochore microtubule can attach to a...
-
Jupiter Company sells goods to Danone Inc. on account on January 1, 2017. The goods have a sales price of $610,000 (cost $500,000). The terms of the sale are net 30. If Danone pays within five days,...
-
Graph one period of each function. y = 4 cos x
-
Access the Internet and go to www.irs.gov and select Search Forms & Instructions. Enter 4868 into the search box. What is Line 6 of the Form 4868? a. Total payments b. Balance due c. Your name d....
-
Access the Internet and go to www.irs.gov and select Search Forms & Instructions. Enter 4868 into the search box. What is Line 6 of the Form 4868? a. Total payments b. Balance due c. Your name d....
-
In each of the following situations, determine whether the taxpayer(s) has/have a dependent. Dependent? (Yes/No) a. Donna, a 20-year-old single taxpayer, supports her mother, who lives in her own...
-
What are some scholarly sources that support the implementation of a case manager?
-
Review your own current processes relating to ER and IR within the organisation and identify three issues that can be improved upon.
-
A group of students working on a collaborative research project needs a centralized space to store and edit their documents. Which Teams feature should they primarily use?
Study smarter with the SolutionInn App