My husband and I are both retired. For 2020, my husband received a form 5498 indicating an IRA payout of $42,486. He also received a SSA-1099 for Social Security Benefits paid AND a W-2 (less than $2000 in earned income). I received a 1099-R for a Federal Pension/IRA payments (less than $25000). When completing our Federal 1040 these amounts appear as AGI. When trying to complete the Federal EIC it indicates that we have an AGI in excess of the amount for married-filing jointly.
In reading the qualifications for the EIC, it indicates "You must have income from earnings, such as from a job, your own business, or union strike benefits. Retirement, investment, and disability income do not count.
Are we incorrect in believing that the 1099-R, form 5498, and SSA-1099 payments are NOT "earnings" as indicated in the EIC qualifications?
