- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
The Earned Income Tax Credit is calculated on a bell-like curve where it gradually reaches a peak credit near the center of the minimum and maximum income range for the credit.
$205 is the credit amount for $2,655 of AGI for a single-filer with no dependents.
It sounds like there is an error in the way that TurboTax is telling you why the credit is limited but that the credit itself is correct.
You can also confirm the credit amount for various levels of income and filing status via the IRS "EITC Assistant", located HERE.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
March 11, 2024
9:58 AM