topic Re: EIC in Deductions & credits

EIC

cynthiamv — Thu, 09 Jul 2020 23:41:47 GMT

Why is the EIC not counted if my AIG is just under the two child limit of $46,703. My oldest was 18 at the end of 2019, both my children lived with me all year so I am unsure why I am not receiving this credit.

Re: EIC

xmasbaby0 — Fri, 10 Jul 2020 00:11:41 GMT

You can use this interactive IRS tool to see if your income works for EIC:

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

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

And do not confuse EIC with the child tax credit. You cannot get CTC for an 18 year old--you lost the CTC when he turned 17. Now you can get the $500 credit for other dependents for him.

Re: EIC

xmasbaby0 — Fri, 10 Jul 2020 00:13:31 GMT

Look at your 2019 Form 1040 to see the child-related credits you received

PREVIEW 1040

https://ttlc.intuit.com/questions/1901539-how-do-i-preview-my-turbotax-online-return-before-filing

Child Tax Credit line 13a

Credit for Other Dependents line 13a

Earned Income Credit line 18a

Additional Child Tax Credit line 18b

Child and Dependent Care Credit line 18d

https://ttlc.intuit.com/questions/1900923-what-is-the-child-tax-credit

https://www.irs.gov/help/ita/does-my-childdependent-qualify-for-the-child-tax-credit-or-the-credit-for-other-dependents

https://ttlc.intuit.com/questions/1900643-what-is-the-child-and-dependent-care-credit

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

https://ttlc.intuit.com/questions/4499708-what-is-the-500-credit-for-other-dependents-family-tax-credit