What is the amount of Gladys' earned income credit in the Payments section on Form 1040?

Answer 1

Gladys would be the only one that would have all of the necessary information available that WILL BE NEEDED to even start filling out her 1040 federal income tax correctly. She will NOT know the correct amounts until she complete her 1040 federal income tax return correctly. Her filing status, her age and how she made all of her gross worldwide income amount and if she had any sources of earned income (pay that she worked for) that has to reported on her 1040 income tax return and all of her other information that is required to be entered correctly on each line of her 1040 income tax return will all be a part of the necessary information that she would know and will have enter on her income tax return correctly to arrive at the correct answer of how much she might possible get back as a REFUND AMOUNT after her income tax return is completely correctly.

If it is qualifying earned income and she is NOT a dependent on another taxpayer's income tax return. IF she meet the qualifications for the earned income tax credit and the making work pay tax credit for the tax year 2009 she WILL NOT KNOW the amounts until she has completed her 1040 federal income tax return correctly.

When she get to the last lines on page 2 of the 1040 federal income tax return line 72 where it says THIS IS THE AMOUNT THAT WAS OVERPAID then she will know how much her refund amount should be. If the amount is ZERO -0- and then she has an amount on line 75 AMOUNT YOU OWE.