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Level 2
posted Feb 25, 2022 10:03:38 AM

Does this earned income credit make sense?

My situation has not changed at all since last year (W-2 for part-time job + social security income;  standard deduction, filing single).  Does it make sense that my EIC went from $195 in 2020 to $1072 in 2021?

 

Thanks in advance.

0 2 322
1 Best answer
Expert Alumni
Feb 25, 2022 10:27:55 AM

For 2021, the maximum EITC for filers with no qualifying children is $1,502, up from $538 in 2020. 

For more information please check EITC Important Changes.

2 Replies
Level 15
Feb 25, 2022 10:19:41 AM

We cannot see your tax return.   But the criteria for the EIC changed for 2021 returns.

 

 

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

 

Your EIC will be on line 27a of your Form 1040.

 

PREVIEW 1040

https://ttlc.intuit.com/questions/1901539-how-do-i-preview-my-turbotax-online-return-before-filing

Expert Alumni
Feb 25, 2022 10:27:55 AM

For 2021, the maximum EITC for filers with no qualifying children is $1,502, up from $538 in 2020. 

For more information please check EITC Important Changes.