bshad74
New Member

3 kids, 2020 income lower than 2019 - TT switched to 2019 income to calculate EIC

but the number as 2019 earned income pulled automatically into 2020 return is some number that I do not recognize being the EI for 2019 - even though I have looked as per the instruction "where to look for 2019 EI".

 

Hypothetically:

 

w2 income - 130000

Schedule 1 deductions - 26000

Taxable income - 104000 (AGI)

Standard deduction - 24000

Taxable income - 80000 (is this the EI) - if it is, why TT is putting say 95000 in 2020 tax return as EI from 2019?

 

Am I missing something?