Why is my eitc not showing

Forum|Forum|3 years ago
March 1, 2023
3 replies
19 views

I only earned $455. The IRS says I get eitc but it is not showing in the total refund on my turbo tax document

TurboTax Free Edition Online

xmasbaby0

Level 15

Earned Income Credit—-the rules are back to the “old” rules—

Those under 25 and over 65 without children are not eligible as they were uniquely in 2021. And you cannot use your income from any earlier tax year to get the EIC for a 2022 return. There is no “lookback” for 2022. EIC for 2022 will be based on the income you earned by working in 2022.

https://ttlc.intuit.com/questions/1899157-what-are-the-qualifications-for-the-earned-income-credit-eic-or-eitc

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

Look at your 2022 Form 1040 to see the child-related credits you received

PREVIEW 1040

https://ttlc.intuit.com/questions/1901539-how-do-i-preview-my-turbotax-online-return-before-filing

Child Tax Credit line 19

Credit for Other Dependents line 19

Earned Income Credit line 27

Additional Child Tax Credit line 28

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

Bsch4477

Level 15

Is your age 25-65? Are you a dependent?

KrisD15

Level 15

How do you know it is not being refunded to you?

The earned Income Tax Credit IS refundable, but if you have a tax liability, the credit may not show as a refund.

For example, if you have no tax liability and a $100 EIC credit, you will get a $100 refund.

With the same credit, if you have a $50 tax liability, (you would owe $50 without the credit,) the one hundred dollar EIC credit will give you a $50 refund.

With the same credit, if you have a $150 tax liability, (you would owe $150 without the credit), the one hundred dollar EIC credit will lower your tax bill (what you need to pay) to $50.

The credit is not allowed in you are Married but filing Separately.

@chevy1170

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