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How to Claim EIC , CTC ODC and Complete the EIC Worksheet in TaxWise
How to Claim EIC , CTC ODC and Complete the EIC Worksheet in TaxWise

The Earned Income Credit (EIC) is a refundable tax credit for eligible taxpayers with low to moderate income.

Daisy Macapangal avatar
Written by Daisy Macapangal
Updated over 2 months ago

Follow these steps in TaxWise to claim EIC and complete the EIC Worksheet:

Step 1: Determine Eligibility

Before entering EIC in TaxWise, ensure the taxpayer meets the eligibility criteria:
✅ Earned income from wages, self-employment, or other qualifying sources.
✅ Valid Social Security Number (SSN) for the taxpayer and qualifying children.
✅ U.S. citizen or resident alien for the entire tax year.
✅ Not filing Married Filing Separately (MFS).
✅ Investment income does not exceed the IRS limit.


Step 2: Entering Dependents on Main Info Page

  1. Add Qualifying Children (If Any):

    • Enter the dependent's information in the designated section on the Main Info Page

      • Name

      • SSN

      • Date of Birth

      • Relationship to taxpayer

      • Residency status (must have lived with the taxpayer for over half the year)

    • The software will automatically determine if the dependent qualifies for the Child Tax Credit (CTC) or Other dependent Credit (ODC) based on their age.

    • The software will not automatically select the Earned Income Credit (EIC). You will need to manually check the EIC box. However, the software will calculate eligibility for EIC automatically, so it's best to always select EIC just in case.

    • Next, click on Sch EIC Wkt.


Step 3: Complete the EIC Worksheet

  1. Locate the EIC Worksheet in the Forms Tree.

  2. On Schedule EIC, you typically only need to indicate whether the child was permanently ad totally disabled during the tax year.

3. On this section, you'll answer a series of questions. Typically, each answer will guide you to the next relevant question!

5.Another question...

6. Another question...

7. You will complete these questions for each qualifying dependent.

8. In this section, you'll answer a series of questions. Typically, the answer to this question is NO!

Step 4: Verify the EIC Amount and Finalize the Return

  • TaxWise will automatically calculate the EIC amount based on the income level, filing status, and number of qualifying children.

  • If there are errors, review the EIC Worksheet for missing information.


Step 5: Save & E-File the Return

  • Double-check all entries, save the return, and proceed with e-filing.

  • If any errors prevent e-filing, review the rejection message and correct them as needed.

Here's a step-by-step guide on how to claim EIC:

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