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Deductions & credits
You need to file a return to receive an Earned Income Credit. It is based on income that you earn, such as a job or self-employment and generally requires that you have qualifying dependents to meet the income limitations.
To see if you qualify:
- Enter any income in the return first
- Go to the Deductions and Credits section
- Scroll down to You and Your Family and click on Show More
- Click on Start or Revisit for Earned Income Credit (EIC)
IRS says when figuring your earned income for purposes of the EIC, don't include any of these amounts.
- Basic pay or special, bonus, or other incentive pay that is subject to the combat zone exclusion
- Basic Allowance for Housing (BAH).
- Basic Allowance for Subsistence (BAS).
- Any other nontaxable employee compensation.
- Interest and dividends.
- Social security and railroad retirement benefits.
- Certain workfare payments.
- Pensions or annuities.
- Veterans' benefits (including VA rehabilitation payments).
- Workers' compensation.
- Unemployment compensation.
- Alimony and child support.
This is a TurboTax Help Article about qualifying dependents.
This is a quick TurboTax Help video explaining Earned Income Credit basics.
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‎February 25, 2023
7:35 AM