topic Turbo Tax home/business not calculating EIC in Get your taxes done using TurboTax

Turbo Tax home/business not calculating EIC

daichovo — Fri, 17 Jan 2025 17:29:59 GMT

I'm MFJ, we have 0 children. Our AGI is under $25k. I understand we get EIC if we are under $25,511 AGI but TurboTax is saying we aren't eligible.

Re: Turbo Tax home/business not calculating EIC

PaulaM — Sun, 19 Jan 2025 20:53:05 GMT

Correct.

For tax year 2024, The Adjusted Gross Income limitation for a married couple with zero dependents is $25,511. However, to qualify for the earned income credit as a Married Filling Joint with no dependent you need to meet other conditions such as:

Have earned income or investment income below the limit (Unearned income such as unemployment or Social Security Income, do not count toward the credit qualification)
You need to be at least 25 years old, but less than 65 (For MFJ, just one of the spouses needs to meet the rule)
Have a Valid Social Security Number issued on or before the due date of your tax return, including any filling extension
Not file Form 2555 for Foreign Earned Income
You need to be a U.S citizen/resident alien all year
Have lived in the U.S for more than half of the year
Not be claimed as a dependent on another tax return

Make sure that you meet all conditions to be eligible to claim the credit. You can also check the sources below for additional information.

Who Qualifies for the EITC

EITC Assistant Calculator

Re: Turbo Tax home/business not calculating EIC

daichovo — Sun, 19 Jan 2025 20:39:37 GMT

Doesn't solve my problem unfortunately, we still meet the requirements

Re: Turbo Tax home/business not calculating EIC

VolvoGirl — Sun, 19 Jan 2025 20:44:26 GMT

Both your earned income and AGI have to qualify for the EIC

https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-credits-deductions/qualifications-earned-income-credit-eic-eitc/L7w4BFP32_US_en_US