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New Member
posted Feb 9, 2024 1:15:43 AM

My AGI is ~$200 above the limit to receive the EITC. PLEASE help me find any "above the line" deductions

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1 Replies
Level 15
Feb 9, 2024 5:21:08 AM

It would not be worth it.   If you are over the edge of qualifying for EIC, then getting just under the "edge" would only get you a few dollars.   The EIC is calculated on a bell curve.  If you are close to the limit, you get very very little.

 

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

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