Users questions 

Can you file Form 8862 on TurboTax?

Joe Ford

Can you file Form 8862 on TurboTax?

Form 8862 must be attached to your tax return if you are e-filing. When you use TurboTax to prepare your taxes, we’ll ask you simple questions and fill in this form for you, along with all of the other forms you’ll need to file your taxes.

How do I file 8862 on TurboTax?

How do I enter Form 8862?

  1. Sign in to TurboTax and continue to open your return.
  2. In the search box, search for 8862 and then select the Jump to link at the top of the search results.
  3. You’ll come to the Earned Income Credit section.
  4. Answer the questions and eventually you’ll be asked Do any of these uncommon situations apply?

What is a 8862 form used 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.

How do I get a 8862 form?

To access Form 8862, from the Main Menu of TaxSlayer Pro select:

  1. Miscellaneous Forms.
  2. Information to Claim EIC after Disallowance (8862)
  3. Ask the taxpayer each of the questions on the Form 8862 Menu.

Do I need to fill out Form 8862?

You must complete Form 8862 and attach it to your tax return to claim the EIC, CTC, ACTC, ODC, or AOTC if you meet the following criteria for any of the credits. You must attach the applicable schedules and forms to your return for each credit you claim.

How long does it take 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 know if my EIC was disallowed?

If you are unsure if you have been previously disallowed for EIC, you would need to contact the IRS at 1-to find out.

For which taxpayer would a Form 8862 be required when claiming the earned income credit this year?

New in 2018, this credit applies to taxpayers with qualifying children who are age 17 or older and adult dependents. You must attach IRS form 8862 to any one of these three tax credit applications if you previously filed for the CTC or ACTC and the IRS disallowed your application or reduced the application amount.

What does disallowance mean?

1 : to deny the truth, force, or validity of disallowed the deduction disallow a bankruptcy claim. 2 : to refuse to allow disallow payment of benefits. Other Words from disallow. disallowance noun.

How much do you have to make to claim earned income credit?

To qualify for the EITC, you must: Show proof of earned income. Have investment income below $3,650 in the tax year you claim the credit. Have a valid Social Security number.