topic why is my income of 49,000 over the max for 2 children's earned income credit when it IRS states that it is 55,000? in Deductions & credits

why is my income of 49,000 over the max for 2 children's earned income credit when it IRS states that it is 55,000?

breebook8981 — Tue, 03 Feb 2026 13:14:33 GMT

Re: why is my income of 49,000 over the max for 2 children's earned income credit when it IRS states that it is 55,000?

xmasbaby0 — Tue, 04 Feb 2025 23:30:48 GMT

https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-credits-deductions/qualifications-earned-income-credit-eic-eitc/L7w4BFP32_US_en_US?uid=m62rmz09

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

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

Look at your 2024 Form 1040 to see the child-related credits you received

PREVIEW 1040

https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/preview-turbotax-online-return-filing/L77WCkvnu_US_en_US?uid=m681fkhr

Child Tax Credit line 19

Credit for Other Dependents line 19

Earned Income Credit line 27

Additional Child Tax Credit line 28

Re: why is my income of 49,000 over the max for 2 children's earned income credit when it IRS states that it is 55,000?

Hal_Al — Wed, 05 Feb 2025 00:00:52 GMT

The earned income credit is first calculated (actually looked up in a table) on your earned income then it is calculated on your total income (AGI). You get the lesser of the two calculated EIC numbers. See the 2024 EIC table at:

https://www.irs.gov/instructions/i1040tt#idm140702909059168 scroll way down

So, for example, taking a deduction (adjustment to income) for an IRA contribution will not make you eligible for EIC, if your earned income made you ineligible.