topic Re: Eitc in Deductions & credits

Eitc

Jenw8806 — Fri, 21 Feb 2020 04:06:10 GMT

I was under the impression you either got the credit or you did not, i seem to only be getting part of it. Is this right? If so, what factors go into how much of it you will get? Or did i do something wrong and possibly need to make an amendment?

Re: Eitc

MinhT1 — Fri, 21 Feb 2020 04:22:08 GMT

The Earned income credit depends on your earned income, the number of your qualifying dependents and your filing status.

Re: Eitc

Jenw8806 — Fri, 21 Feb 2020 05:34:20 GMT

So is the credit an "up to" amount based on income or should i have gotten the full amount? I qualify, but seem to only be getting partial credit.

Re: Eitc

DianeC958 — Fri, 21 Feb 2020 14:23:51 GMT

The amount of Earned Income Credit changes based on your income, the number of your dependents and your filing status.

Link to Publication 596 Earned Income Credit.

You can look up in the above publication the amount of EIC you should receive based on your circumstances. The tables which show that information start on page 31 of the publication.