If you believe you qualify but are not getting the credit, start by verifying your AGI and your dependents' statuses. If one of your 3 dependents is not qualifying, then you may be looking in the wrong spot on the EIC chart. If you are using the AGI chart for 3 EIC dependents, but only 2 are qualifying, you may not qualify for the credit. If TurboTax is telling you that you don't qualify, the reason is usually that you are counting dependents that don't qualify...2 questions
- What is your AGI on Line 11 of your Form 1040?
- And what were the ages of your dependents on 12/31/20?
To qualify, the child must be:
- Your son, daughter, stepchild, adopted child, or descendant. (Verify that your dependents are not listed as ''Other Dependents'')
- Your brother, sister, stepbrother, stepsister, or a descendant of one of these.
- Age 18 or younger as of the end of the year (unless he or she is a full-time student, in which case the student must be 23 or younger). Exception: A person who is permanently and totally disabled at any time during the year qualifies, no matter how old.
- A resident with you in the United States for more than half of the year.
Other items to verify for EIC:
- You have earned income from earnings (for example, from a job, your own business, union strike benefits, certain long-term disability benefits).
- You did not receive more than $3,650 in interest or dividends or income from rentals, royalties or stock, and other asset sales during 2020.
- You, your spouse, and your children, if applicable, all have Social Security numbers.
- You are not excluding any income you earned in a foreign country on your return.
- You are a citizen or resident of the United States.
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