IRS Form 15112 Earned Income Credit Worksheet (Cp 27)

What Is IRS Form 15112?

This is a tax form that was released by the Internal Revenue Service (IRS) - a subdivision of the U.S. Department of the Treasury on July 1, 2022. As of today, no separate filing guidelines for the form are provided by the IRS.

FAQ

Q: What is IRS Form 15112?
A: IRS Form 15112 is the Earned Income Credit Worksheet, also known as CP 27.

Q: What is the purpose of IRS Form 15112?
A: IRS Form 15112 helps taxpayers calculate their eligibility and amount of earned income credit.

Q: Who should use IRS Form 15112?
A: Taxpayers who are eligible for the earned income credit should use IRS Form 15112.

Q: How do I fill out IRS Form 15112?
A: Follow the instructions on the form to fill out IRS Form 15112 accurately.

Q: When is IRS Form 15112 due?
A: IRS Form 15112 is typically due when you file your federal income tax return.

Q: What is the Earned Income Credit?
A: The Earned Income Credit is a tax credit for low to moderate-income working individuals and families.

Q: How much can I get from the Earned Income Credit?
A: The amount of Earned Income Credit varies based on your income, filing status, and the number of qualifying children.

Q: What other forms do I need to apply for the Earned Income Credit?
A: In addition to IRS Form 15112, you may need to file Form 1040 or Form 1040A to claim the Earned Income Credit.

Q: Is the Earned Income Credit refundable?
A: Yes, the Earned Income Credit is a refundable tax credit, which means you may receive a refund if the credit exceeds your tax liability.