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Level 1
January 26, 2024
Question

My earned income credit was alot higher then late year. I fall under the amount

  • January 26, 2024
  • 3 replies
  • 8 views
sorry my earned income was lower this year then the last year. I still am lower then acquired amount

3 replies

Level 15
January 26, 2024
**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.**
AmyC
Level 15
January 26, 2024

Earned Income Credit is a bell shaped curve. You make too little or too much and you get less credit. The range varies with your filing status and number of children.

 

Here is a chart from The Tax Library that might help explain.

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Level 15
January 26, 2024

Or if you want to look at the whole EIC table for yourself---start on page 27of this IRS booklet

 

https://www.irs.gov/pub/irs-pdf/p596.pdf

**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.**