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Level 1
February 12, 2021
Question

Did the EIC lower my refund?

  • February 12, 2021
  • 2 replies
  • 3 views

Hi! Before I finalized the filing of my taxes on TurboTax the total refund stated $7,202 Federal and $308 State. I e-filed and now the refund amount displayed on the TurboTax app is $3,618 Federal and $308 State. The only change was the TurboTax app asking me if my child dependent qualified for the EIC to which I checked yes. Did this lower my Federal return amount?

    2 replies

    Level 15
    February 13, 2021

    If you indicated that your child qualifies for an earned income credit that would not lower your tax refund. 

     

    I would suggest you print out your tax return for this year and last year, then compare the amounts on both forms and investigate anything that looks wrong. You can amend your return after your receive your refund if you need to make corrections.

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    Alumni - Champ
    February 13, 2021

    Are you sure it wasn't the Taxes Due that went down? And $7,000+ is a pretty large refund, so please check all your data entry.