Earned Income Credit investment income limit has been raised to $10,000 for 2021, turbo tax EIC help still claims its the $3000ish amount, is this going to be corrected?

[AmyC]

Yes, The desktop version has the correct information but the help article has not been updated yet. The program is updated and does calculate using the increased investment limit.

[cwaxsom]

I had already submitted my taxes electronically and they was accepted on 1/21/22. What do I do to get the higher eic that Biden raised. Will the IRS change that on their own?

[JamesG1]

@cwaxsom

You have already submitted your 2021 Federal tax return and it has been accepted by the IRS.

If you qualified for the Earned Income Tax Credit on your Federal tax return, that Earned Income Tax Credit that you reported should be the 'higher eic that Biden raised'.

Did your 2021 Federal tax return include the Earned Income Tax Credit?  Please clarify.

See this help.

[cwaxsom]

No it's still reflecting the old amount. 

[DianeW777]

The earned income credit (EIC) is based on earned income compared to your adjusted gross income (AGI).  The tables can be found in IRS Publication 596, starting on page 33. First, review the worksheet for your earned income figure used in the charts.  The investment income of $10,000 has been factored into the formula. 

If you have a specific section you are referring to, and you add that here we can review.

@cwaxsom