Turbo Tax won't calculate EIC based on 2020 income

Forum|Forum|5 years ago
March 15, 2021
8 replies
39 views

My 2019 earned income was $3507; 2020 was $6444. Turbo tax asks if 2020 more than 2019. When I answer yes it says I'm not eligible. Filing status HOH, 2 dependent children. If 2019 is higher than 2020 it would calculate. What's the problem?

SweetieJean

Alumni - Champ

The EITC is calculated two ways: (1) based one Earned Income, and (2) based on Adjusted Gross Income. You then get the lower of the two. Your AGI may be why you do not qualify for 2020. Or perhaps your investment income is too high.

Kali 81

Level 2

Thank you!

HelenC12

Level 15

Perhaps you're not eligible to use your 2019 earned income because TurboTax selected the year that gives you the higher refund.

Your Earned Income Credit (EIC) is higher using your 2020 earned income of $6,444 versus your 2019 earned income of $3,507. Please look up your income on the IRS EIC tables.

Additional information: What are the qualifications for the Earned Income Credit (EIC or EITC)?

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