EIC

I am really confused. They said people qualify for the EIC if they made under $63,000. Well I made $48,000. I am a single mom with one dependent and head of household. The EIC is telling me I only get $165. What?? I cannot find any answers to this. Somebody please explain why. Thank you

456

Level 15

Jan 14, 2024 10:30:55 PM

whoever told you $63K didn't explain it well. That would be for MFJ and 3 dependents not HOH with 1.

For HOH with 1 qualifying child, the EIC disappears if earned income is over $46,560. so if you got $165 EIC your earned income was between $45,500 and $45,550. As you can see this is nowhere near the $63K cited.

you can use this iRS tool to check

https://www.irs.gov/credits-deductions/individuals/earned-income-tax-credit/use-the-eitc-assistant

Expert Alumni

Jan 15, 2024 6:06:50 AM

The $63,398 number is one of the basic rules for to qualify for Earned Income Credit. But you have to drill down to your filing status and number of dependents. In the article below from the IRS, if you click on the earned income link under this basic rule, you can scroll down to 2023 where it says for HOH and one qualifying child the maximum AGI is $46,560.

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EIC

Who Qualifies for the Earned Income Tax Credit (EITC)