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Deductions & credits
No, there is no way to dispute this. If you were $155,28 away from getting the EITC, does that mean you earned around $56,000? If so, then if you were at the last dollar of the limit, your credit for 2 kids would only be $37.
The EITC is a bell curve credit meaning as your income goes up, your credit goes up until it hits the top of the bell curve, then as your income continues to go up, the credit goes back down. So, when you add in the additional income, your EITC will drop down or could even be eliminated if your total income is higher than the EITC limits.
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March 5, 2025
4:13 PM