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lynnkennedy82
Returning Member

Earned Income Credit

 
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3 Replies

Earned Income Credit

This is not live chat.   We need a specific and complete question so that we know how to help.

**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.**
lynnkennedy82
Returning Member

Earned Income Credit

I did have earned income before I started unemployment.  I am aware that unemployment doesnt qualify for EIC.  

Hal_Al
Level 15

Earned Income Credit

The earned income credit is first calculated (actually looked up in a table) on your earned income then it is calculated on your total income (AGI). You get the lesser of the two calculated EIC numbers.  Your AGI will be based on the reduced unemployment compensation (after the, up to, $10,200 exclusion). 

 

See the 2020 EIC table, beginning at page 49 at:

https://www.irs.gov/pub/irs-pdf/i1040gi.pdf

 

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