Form 4952

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Definition of 'Form 4952'

Form 4952 is an IRS form used to claim the earned income credit (EIC). The EIC is a refundable tax credit that can help low- and moderate-income workers offset the cost of raising children. The amount of the EIC you can claim depends on your income, filing status, and the number of qualifying children you have.

To claim the EIC, you must file Form 4952 with your federal income tax return. The form asks for information about your income, your filing status, and the number of qualifying children you have. You must also provide your Social Security number and the Social Security numbers of your qualifying children.

If you are eligible for the EIC, you will receive a refund of the amount of the credit you claim. The EIC is one of the most important tax credits available to low-income workers, and it can help you save money on your taxes.

Here are some additional details about Form 4952:

* You can claim the EIC if you are a U.S. citizen or resident alien, and you have earned income.
* You must have a valid Social Security number.
* You must not be claimed as a dependent on someone else's tax return.
* You must meet certain income limits.
* The amount of the EIC you can claim depends on your income, filing status, and the number of qualifying children you have.

If you are not sure if you are eligible for the EIC, you can use the IRS's EIC eligibility calculator. The calculator will ask you a few questions about your income, filing status, and the number of qualifying children you have. It will then tell you if you are eligible for the EIC and how much you can claim.

If you are eligible for the EIC, you should file Form 4952 with your federal income tax return. The form is available on the IRS website. You can also get a copy of the form from your local IRS office.

Form 4952 is an important form for low-income workers. If you are eligible for the EIC, you should file the form to claim the credit. The EIC can help you save money on your taxes and put more money in your pocket.

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