I'm aware that normally, EITC is based on earned income or AGI whichever is higher. But for tax years 2020 to 2021, it appears the EITC is based on earned income only due to the American Rescue Act. I just filed an amended tax return for 2021 with a different tax preparation company, and received a higher amount for the EITC than my previous original tax return because my original tax return calculated my EITC based on my AGI not earned income. Not sure if you can answer this or not, but if I file an amended return, will TurboTax reimburse me for the fee because TurboTax software should have differentiated between earned income and AGI for 2020. My earned income was lower than my AGI. I am aware that the higher your earned income is, the higher the EITC until it reaches a certain phaseout point on the EITC table for 2020 that was published by the IRS. For 2020, my AGI made me ineligible for the EITC but my 2020 earned income made me eligible for the EITC. I need a yes or no answer from TurboTax on if for 2020, was the EITC based on earned income or AGI because under the American Rescue Act it appears the EITC is based on earned income only, regardless if the AGI is higher or not.
