turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Rhowell
New Member

Earned Income Credit

We included one child as eligible for the EIC and Turbotax credited us with the full $3,584 which was only eligible if income was between $9,700 and $23,650. Our wages were $32,616 and AGI was $20,304.  The IRS sent us an adjustment to our refund by changing the EIC credit to $2,400.  Is this due to an error in the Turbotax program or an incorrect adjustment by the IRS?

Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies

Earned Income Credit

Did you have unemployment on the return ?   If so the IRS corrected for the new exclusion which would have reduced your income  and reduced the EIC as well.   So you can amend the return if using the 2019 earned income amount was better then the adjusted 2020 earned income figure.  

Rhowell1
New Member

Earned Income Credit

No unemployment on the return.  The Adjusted Refund letter references the AGI of $20,304. That fits within the range Turbotax shows should result in the full $3,584 EIC being applied.  So why did the IRS reduce the EIC credit to $2,400?

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies