topic If my income is 282.00 why am i only getting 124.00 for earned income credit? in Deductions & credits

If my income is 282.00 why am i only getting 124.00 for earned income credit?

nbj061581 — Mon, 23 Feb 2026 12:03:59 GMT

Re: If my income is 282.00 why am i only getting 124.00 for earned income credit?

xmasbaby0 — Mon, 20 Feb 2023 15:28:07 GMT

Why do you think it should be more?

Earned Income Credit—-the rules are back to the “old” rules—

Those under 25 and over 65 without children are not eligible as they were uniquely in 2021. And you cannot use your income from any earlier tax year to get the EIC for a 2022 return. There is no “lookback” for 2022. EIC for 2022 will be based on the income you earned by working in 2022.

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

Re: If my income is 282.00 why am i only getting 124.00 for earned income credit?

Opus 17 — Mon, 20 Feb 2023 15:28:36 GMT

Because you don’t have very much earned income. The original theory behind the credit is that it was a offset of your Social Security tax, because everybody, no matter how poor, pays 6% Social Security tax, even if they are in the 0% income tax bracket. The earned income credit is calculated on a sliding scale; if you earn very little, you get very little credit, because you didn’t earn much, and if you earn a lot, you get a very little credit because you don’t need it anymore. The maximum credit is in between.