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The document is the Schedule EIC for the Earned Income Credit (EIC) for the year 1998, which is to be attached to Form 1040A or 1040. It provides instructions on how to report qualifying child information necessary to claim the EIC, including details about the child's name, birth year, social security number, relationship to the taxpayer, and duration of residence in the U.S. The document outlines eligibility criteria for claiming the credit and emphasizes the importance of completing Schedule EIC accurately to avoid delays in processing tax returns.

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What is the earned income tax credit for 1998?

Earned income credit is more. The maximum amount of credit has increased for 1998. The most you can receive is: $2,271 with one qualifying child, $3,756 with more than one qualifying child, or $341 without a qualifying child.

What is schedule IL-E-EIC?

Schedule IL-E/EIC, Illinois Exemption and Earned Income Credit, provides instruction for you to figure the total amount of dependent exemption allowance you are allowed and the total amount of Illinois Earned Income Tax Credit (EITC) you may claim on Form IL-1040, Individual Income Tax Return.

What is a schedule EIC form?

Purpose of Schedule. After you have figured your earned income credit (EIC), use Schedule EIC to give the IRS information about your qualifying child(ren). See the instructions for Form 1040, line 27, for information on who may be a qualifying child.

What is the form for foreign earned income?

If you qualify, you can use Form 2555 to figure your foreign earned income exclusion and your housing exclusion or deduction. You cannot exclude or deduct more than your foreign earned income for the year.

What form to fill out for EIC?

Forms to file You must file Form 1040, U.S. Individual Income Tax Return or Form 1040-SR, U.S. Tax Return for Seniors. If you have a qualifying child, you must also file the Schedule EIC (Form 1040 or 1040-SR), Earned Income Credit, to give us information about them.