My AGI is $1002 over the threshold to qualify for the Earned Income Tax Credit. Can I reduce my AGI by still making a contribution to my HSA prior to the tax deadline?

taxstruggles · ‎February 24, 2024

Bsch4477 · ‎February 24, 2024

Yes. If you qualify for the deduction you could also contribute to an IRA.

xmasbaby0 · ‎February 24, 2024

Before you try that, take a close look at the bell curve that the EIC is calculated on. Bringing your income down a little bit will not get you the "full" amount of EIC. It might get you a few dollars. The EIC table starts on page 27 of this IRS publication:

https://www.irs.gov/pub/irs-pdf/p596.pdf

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

xmasbaby0 · ‎February 24, 2024

https://ttlc.intuit.com/questions/1899157-what-are-the-qualifications-for-the-earned-income-credit-e...

https://www.irs.gov/credits-deductions/individuals/earned-income-tax-credit/use-the-eitc-assistant

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

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My AGI is $1002 over the threshold to qualify for the Earned Income Tax Credit. Can I reduce my AGI by still making a contribution to my HSA prior to the tax deadline?