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2017 schedule se Form: What You Should Know
PDF — Career Education Credit (CE) and the Earned Income Tax Credit (ETC), are the credits you can take to reduce what you owe for the tax year. They must be taken, however, before you pay income tax. Mar 3, 2023 — See the instruction sheets for the Form 1040, line 56, with the instructions if not filing Form 1040. Schedule SE (Form 1040).pdf — Course Hero Mar 17, 2023 — You must claim the credit for the Earned Income Tax Credit (ETC) and the self-employment tax credits if you are filing a joint return. The IRS doesn't tell you if you can claim the ETC and ETC as separate credits, so make sure to get that info from the IRS before filing. If you can claim either item, you can claim them both. Mar 24, 2023 — You do not need to claim credits on Schedule SE if there was no net profit during the year. The reason is you don't owe any tax. Mar 24, 2023 — If you were a taxpayer in the last five years, claim the credit for the ETC that exceeds three- half of the amount you paid during the tax year. The last five years are five years from the most recent tax year. You must include your net earnings during that period. You aren't allowed to take credit for all the ETC you received. Furthermore, you only can take the credit for the more than three-half of your total ETC paid during the tax year. Mar 31, 2023 — You must take the earned income credit and the child tax credit on your Form 1040, line 60, line 32, line 38, and line 63 for the last five years from the most recent tax year. That's because you paid more than the income tax you owed for the most recent tax year. To see your total earned income amount for the tax year, see Topic No. 9001, Self-Employment Tax.
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