Why is my EIC with three children only $24

Forum|Forum|2 years ago
January 26, 2024
2 replies
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I made $500 under the max limit for EIC with three children but they only gave me $24…. Does anyone know why?

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DoninGA

Level 15

The more you make reduces the amount of EIC you are eligible to receive. Since you are only $500 away from the maximum then the EIC will be very low.

Critter-3

Level 15

Look at the chart page 26 ... your AGI is between 56700 and 56750 filing single or HOH with 3 qualifying dependents. If you look at the entire chart it is a bell curve.

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

xmasbaby0

Level 15

Just $300 under the maximum limit to get EIC? That is why it is such a small amount. The EIC is calculated on a bell curve. Use the IRS tool to see:

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

Or....look at the EIC table from the IRS booklet ---start scrolling on page 27 and keep going to the page with your own income and number of children.

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.**