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kellyg3
New Member

Can I adjust my Earned Income Tax Credit Amount somehow? EITC is for those who make under $59,899 (HOH) will receive Max $7830 (3 kids) but mine says $3322, why?

"Your Earned Income Tax Credit of $3,322 is based on your filing status as Head of Household, your three qualifying children (1, 2, and 3), and your adjusted gross income of $43,xxx. Your income is above the level to receive the maximum credit, so your credit is reduced." - How is $43k greater than $59k?
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1 Reply

Can I adjust my Earned Income Tax Credit Amount somehow? EITC is for those who make under $59,899 (HOH) will receive Max $7830 (3 kids) but mine says $3322, why?

Earned income credit is calculated on a bell curve.   The fact that you are HOH and have three children does not mean you receive the maximum amount.    See the EIC table in the IRS publication 596---look on page 34 for the amount for your income with 3 kids and HOH status.

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

 

 

 

https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-credits-deductions/qualifications-ea...

 

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

 

 

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-retur...

 

Child Tax Credit line 19

Credit for Other Dependents line 19

Earned Income Credit line 27

Additional Child Tax Credit line 28

 

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
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