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Deductions & credits
@lbmont wrote:
My daughter is single and has 1 son (him). Her income is 42k, so I'm expecting $3995. Turbo Tax is coming up with $693.
The maximum AGI for someone who is single and has one dependent is $46,560 for EIC. Since she has an AGI of $42,000 that is on the bottom slope of the EIC bell curve so receiving $693 for EIC would be appropriate.
‎February 29, 2024
4:15 PM