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Level 1
posted Feb 27, 2024 12:51:24 PM

Earned Income Credit notd calculating correctly

I'm doing taxes for my daughter. She is not getting the full Earned income credit that she qualifies for. Is it possible if the father claimed him on his taxes that turbotax won't give her the credit?

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3 Replies
Level 15
Feb 27, 2024 1:02:14 PM

We are missing some information.  Who is "him" that may have been claimed?  Does your daughter have a child who she is claiming as her dependent?  Not sure what you mean by the "full" amount of EIC.  The amount of earned income credit is based on the person's filing status, how many children and on how much income they earned by working.   

 

Please use the IRS tool for help with the amount of EITC:

 

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

 

https://ttlc.intuit.com/questions/1899157-what-are-the-qualifications-for-the-earned-income-credit-eic-or-eitc

Level 1
Feb 29, 2024 4:11:05 PM

My daughter is single and has 1 son (him). Her income is 42k, so I'm expecting $3995. Turbo Tax is coming up with $693. 

Level 15
Feb 29, 2024 4:15:51 PM

@lbmont wrote:

My daughter is single and has 1 son (him). Her income is 42k, so I'm expecting $3995. Turbo Tax is coming up with $693. 

The maximum AGI for someone who is single and has one dependent is $46,560 for EIC.  Since she has an AGI of $42,000 that is on the bottom slope of the EIC bell curve so receiving $693 for EIC would be appropriate.