What is the IRS form 8862 for?
What is the IRS form 8862 for?
Taxpayers complete Form 8862 and attach it to their tax return if: Their earned income credit (EIC), child tax credit (CTC)/additional child tax credit (ACTC), credit for other dependents (ODC) or American opportunity credit (AOTC) was reduced or disallowed for any reason other than a math or clerical error.
Can I file form 8862 online?
Can Form 8862 be filed electronically? The short answer is yes. Any legal document, job application, lease agreement or any other form (including a fillable 8862), can be filled out electronically through PDFfiller’s online platform. Simply go to the website and select Form 8862 in the online library of fillable forms.
Should I file form 8862?
Form 8862 does not need to be filed if you meet certain exceptions. You do not need to file it if the EIC was denied or reduced because you claimed a child who was not a qualifying child in a prior year and you are claiming the credit without a child this year.
How long does it take the IRS to process form 8862?
Filing form 8862, Information To Claim Earned Income Credit After Disallowance, should not delay your refund processing. Once you are accepted, you are on the IRS payment timetable. The IRS issued more than 9 out of 10 refunds to taxpayers in less than 21 days last year.
How do I get my 8862?
The easiest way to get Form 8862 is to download it from the IRS website. If you are using a professional tax preparer or tax preparation company, they will furnish this document for you. If you’re preparing your own return online, the tax software should automatically complete this form based on the data you enter.
Where do I get a 8862 form?
▶ Go to www.irs.gov/Form8862 for instructions and the latest information. You must complete Form 8862 and attach it to your tax return to claim the EIC, CTC/RCTC/ACTC/ODC, or AOTC if both of the following apply.
Can you file form 8862 on TurboTax?
Here’s how to file Form 8862 in TurboTax. Sign in to TurboTax and select Pick up where you left off or Review/Edit under Credits & Deductions. Select Search, enter 8862, and select the Jump to link in the search results. You’ll come to the Earned Income Credit section.
How do I know if I was disallowed EIC?
You would have received a notice in the mail. In addition, the refund that you actually received from the IRS would have been less than what was reported on the return that you filed. If you are unsure if you have been previously disallowed for EIC, you would need to contact the IRS at 1-800-829-1040 to find out.
How do I file 8862 on Turbotax?
How do I add form 8862?
- Log into your account and click Take me to my return.
- Go to Search box in top right cover and click there to type in 8862 and hit enter.
- Then click on Jump to 8862 that appears in search results.
- This takes you to the screen Looks like the Earned Income Credit may put more money in your pocket.
How do I upload form 8862 on Turbotax?
Where can I get a 8862 form?
www.irs.gov/
▶ Go to www.irs.gov/Form8862 for instructions and the latest information. You must complete Form 8862 and attach it to your tax return to claim the EIC, CTC/RCTC/ACTC/ODC, or AOTC if both of the following apply.
Why would someone be disallowed Earned Income Credit?
If the IRS determined a taxpayer claimed the credit(s) due to reckless or intentional disregard of the rules (not due to math or clerical errors) the taxpayer can’t claim the credit(s) for 2 tax years. If the error was due to fraud, then the taxpayer can’t claim the credit(s) for 10 tax years.
Where can I get form 8862?
How do I add form 8862 to TurboTax?
Here’s how to file Form 8862 in TurboTax.
- Sign in to TurboTax and select Pick up where you left off or Review/Edit under Credits & Deductions.
- Select Search, enter 8862, and select the Jump to link in the search results.
- You’ll come to the Earned Income Credit section.
- Answer the questions.