topic Hello, my son is 2, the EIC is according to Turbo Tax $2,938. Is this correct? In 2020 it was $3,559. I thought it should be the same again this year? in Deductions & credits

Hello, my son is 2, the EIC is according to Turbo Tax $2,938. Is this correct? In 2020 it was $3,559. I thought it should be the same again this year?

djprime1 — Mon, 09 Mar 2026 04:41:13 GMT

Re: Hello, my son is 2, the EIC is according to Turbo Tax $2,938. Is this correct? In 2020 it was $3,559.I thought it should be the same again this year?

xmasbaby0 — Mon, 28 Feb 2022 12:52:02 GMT

It is not the same every year. Your earned income credit amount is based on the amount of income you earned by working. There is a chart that starts on page 33 of this IRS publication where you can look for the amount of income you earned and the amount of EIC you could get.

https://www.irs.gov/pub/irs-pdf/p596.pdf

Re: Hello, my son is 2, the EIC is according to Turbo Tax $2,938. Is this correct? In 2020 it was...

JohnW152 — Mon, 28 Feb 2022 13:04:19 GMT

The Earned Income Tables are updated every year, so it would be unlikely to have the same EIC amount.

This would be so, even if you used your 2019 earned income to compute your 2021 EIC. You may elect to use your 2019 earned income to figure your EIC if your 2019 earned income is more than your 2021 earned income. However, you can't use your 2020 earned income instead of your 2021 earned income.

Since the EIC amount varies quite a bit from what you had last year, the table is probably using your 2021 Adjusted Gross Income.

You can see the tables and compare them to your Earned Income and AGI at 2021 Instruction 1040.

Re: Hello, my son is 2, the EIC is according to Turbo Tax $2,938. Is this correct? In 2020 it was...

SweetieJean — Mon, 28 Feb 2022 13:27:31 GMT

Actually, EIC is calculated two ways: (1) based on earned income, and (2) based on AGI. You then get the lower of the two. Since these figures are unlikely to be the same from year to year, your EIC can change.

Re: Hello, my son is 2, the EIC is according to Turbo Tax $2,938. Is this correct? In 2020 it was...

djprime1 — Tue, 01 Mar 2022 12:39:37 GMT

I understand. Thank you souch for your help.