Does this earned income credit make sense?

slinkier · ‎February 25, 2022

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.

MayaD · ‎February 25, 2022

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.

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xmasbaby0 · ‎February 25, 2022

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-e...

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

**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.**

MayaD · ‎February 25, 2022

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.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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Does this earned income credit make sense?