topic Re: EIC in Deductions & credits

EIC

hutchbj1 — Sun, 11 Apr 2021 15:44:50 GMT

I'm trying to figure out why my son and daughter in law don't qualify for the Earned Income Child Tax credit? My grandson was born in February 2020, from the questions it seems that he would be a qualifying dependent but a message comes back that their earned income is more than the $21,710.00 - they are married filing jointly so I thought the income would be $47,646 (their income is less than this) listed in the guidance so I'm a little confused. Any insight would be appreciated, thanks!

- Your adjusted gross income (AGI) and your earned income must be less than the following:

If you're married filing jointly:
- $56,844 with more than two qualifying children, or
- $53,330 with two qualifying children, or
- $47,646 with one qualifying child, or
- $21,710 with no qualifying child

Re: EIC

VolvoGirl — Sun, 11 Apr 2021 15:48:44 GMT

But what is their AGI on line 11? It has to be under the max also.

A child born (even on Dec 31) is considered to live with you the whole year. So pick the Whole Year at the top of the drop down box.

Re: EIC

hutchbj1 — Sun, 11 Apr 2021 16:05:36 GMT

Thank you for the quick response! I did select "1" for the whole year and there income on line 11 is $32,726.00?

Re: EIC

hutchbj1 — Sun, 11 Apr 2021 16:07:21 GMT

* their

Re: EIC

VolvoGirl — Sun, 11 Apr 2021 16:12:22 GMT

You selected 1 for the baby? 1 what? You pick THE WHOLE YEAR at the top.

Re: EIC

hutchbj1 — Sun, 11 Apr 2021 16:34:16 GMT

Under the dependent entry I selected "1" for the whole year, I'm just really not sure where my issue can be?

Re: EIC

hutchbj1 — Sun, 11 Apr 2021 16:59:05 GMT

THANK YOU SO MUCH!!! I see where the "whole year" option is, I just hadn't scrolled up, ugh!

Re: EIC

VolvoGirl — Sun, 11 Apr 2021 17:00:17 GMT

Whew! Glad you found it.