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Old 04-11-2015, 07:19 AM
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Earned income credit line 66a

Which Number on the SE Form do I use on the EIC CHART to find the number I use on line 66a, do I use line 2, on chart, or line 5

I'm single self employed, no children and under..I qualify

Thank you



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Old 04-12-2015, 02:04 AM
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Originally Posted by JayL1961 View Post
Which Number on the SE Form do I use on the EIC CHART to find the number I use on line 66a, do I use line 2, on chart, or line 5

I'm single self employed, no children and under..I qualify

Thank you
yes your earned income is the maount reported on Sch SE line2 or 3. The amount on line 2 is the amount transferred from Sch C line 29 / 31.



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Old 04-12-2015, 05:50 AM
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You're not understanding the question.



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Old 04-12-2015, 05:54 AM
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LINE 66a, we are to use a number from the SE form to calculate the Credit from, and use the chart to find ur amt to put in Line 66a. Which is it. Line 2? or Line 5? from Schedule SE



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Old 04-12-2015, 07:30 AM
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Originally Posted by JayL1961 View Post
LINE 66a, we are to use a number from the SE form to calculate the Credit from, and use the chart to find ur amt to put in Line 66a. Which is it. Line 2? or Line 5? from Schedule SE
Self-employment incomeInclude any self-employment income where you were required to pay self-employment taxes. The EIC requires you to reduce your self-employment income by 1/2 of your self-employment tax bill



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Old 04-12-2015, 08:13 AM
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shakes my head



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Old 04-12-2015, 06:04 PM
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LINE69AAAAAAAAAAAAAAAAAAAAAAAAAAAA

you use a number from your self employment worksheet in the chart provided by the irs to use in 69AAAA... I'm asking which number, which line?



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Old 04-12-2015, 09:17 PM
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You're a knucklehead, Line 5 goes to Line 57.....if you dont know what ur talking about, dont speak



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Old 04-13-2015, 06:20 AM
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FWIW: I found the answer somewhere else...The real answer is line 2...You take that number, and go to chart, find ur credit corresponding to # of children, or no child, and use that # in line 66a. This is not a very good site if you're spreading bad information, Mr Mod.



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Old 04-13-2015, 07:16 AM
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Originally Posted by JayL1961 View Post
You're a knucklehead, Line 5 goes to Line 57.....if you dont know what ur talking about, dont speak
Oh yes everybody knows that; SECA tax is REPORTED on 1040 line 57 and also SECA tax is reported on 1040 line 27; The amount on line 6 of Sch SE equals the amount you can deduct on 1040 line 27, got that?? What I am sayin’ is that earned income for self employer is Net earnings from self-employment reported on Sch C 29 / or 31 and is transferred Sch SE line 2/ 3. Hope ot helps bud.


ps; i am not here to spread bad info ok?? pleae watch your language~~



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