topic My gross adjusted income is $36,000 and I have one dependent child. Why am I eligible for such a small Earned Income Credit amount @ $502? in Deductions & credits

topic My gross adjusted income is $36,000 and I have one dependent child. Why am I eligible for such a small Earned Income Credit amount @ $502? in Deductions & credits https://ttlc.intuit.com/community/tax-credits-deductions/discussion/my-gross-adjusted-income-is-36-000-and-i-have-one-dependent-child-why-am-i-eligible-for-such-a-small/01/384489#M48417 Tue, 04 Jun 2019 18:48:29 GMT jmboone13 2019-06-04T18:48:29Z My gross adjusted income is $36,000 and I have one dependent child. Why am I eligible for such a small Earned Income Credit amount @ $502? https://ttlc.intuit.com/community/tax-credits-deductions/discussion/my-gross-adjusted-income-is-36-000-and-i-have-one-dependent-child-why-am-i-eligible-for-such-a-small/01/384489#M48417 Tue, 04 Jun 2019 18:48:29 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/my-gross-adjusted-income-is-36-000-and-i-have-one-dependent-child-why-am-i-eligible-for-such-a-small/01/384489#M48417 jmboone13 2019-06-04T18:48:29Z You are near the top of the range for maximum income with... https://ttlc.intuit.com/community/tax-credits-deductions/discussion/you-are-near-the-top-of-the-range-for-maximum-income-with/01/384490#M48418 You are near the top of the range for maximum income with one child.  See this IRS website - <a rel="nofollow" target="_blank" href="<A href="https://www.irs.gov/credits-deductions/individuals/earned-income-tax-credit/eitc-income-limits-maximum-credit-amounts">https://www.irs.gov/credits-deductions/individuals/earned-income-tax-credit/eitc-income-limits-maximum-credit-amounts</a" target="_blank">https://www.irs.gov/credits-deductions/individuals/earned-income-tax-credit/eitc-income-limits-maximum-credit-amounts">https://www.irs.gov/credits-deductions/individuals/earned-income-tax-credit/eitc-income-limits-maximum-credit-amounts</a</A>> Tue, 04 Jun 2019 18:48:30 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/you-are-near-the-top-of-the-range-for-maximum-income-with/01/384490#M48418 DoninGA 2019-06-04T18:48:30Z Think of the Earned Income Credit as a Bell Curve Graph.... https://ttlc.intuit.com/community/tax-credits-deductions/discussion/think-of-the-earned-income-credit-as-a-bell-curve-graph/01/384493#M48419 <P> <A rel="nofollow" target="_blank">Think of the <B>Earned Income Credit</B> as a Bell Curve Graph.  </A> </P><P> <A rel="nofollow" target="_blank">When your Earned Income is very low, the <B>Earned Income Credit </B>is very low too.  </A> </P><P> <A rel="nofollow" target="_blank">As your Earned Income<I> increases</I>, the <B>Earned Income Credit</B> <I>increases</I> as well…. <I>up to a point</I>.  </A> </P><P> <A rel="nofollow" target="_blank">Once your income hits a certain level (the <I>Peak of the Bell Curve</I>), the <B>Earned Income Credit</B> actually begins to <I>decrease</I> as your income <I>increases</I>.</A> <BR /> </P><P> <A rel="nofollow" target="_blank">In your case, you have passed the <I>Peak of the Bell Curve</I>, and as your income continues to increase, your Earned Income Credit will continue to decrease until the credit has entirely phased out.</A> </P> Tue, 04 Jun 2019 18:48:32 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/think-of-the-earned-income-credit-as-a-bell-curve-graph/01/384493#M48419 Rachel_W 2019-06-04T18:48:32Z