Adjusted gross income less than 5k but only recieving partial credit? Here is what it is saying: You received an Earned Income Tax Credit of $182 because as a single filer with no qualifying children your adjusted gross income of $4,625 exceeded the $9,800 phase-out threshold. For taxpayers in your situation, the maximum credit is $600 but it begins decreasing once income surpasses $9,800. With an adjusted gross income of $4,625, your credit was appropriately reduced to $182 based on your filing status and income.
Can someone explain?
