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Returning Member
posted Feb 9, 2024 3:55:54 AM

earned income credit

It was my understanding that a single ind. with no children qualifies for a EIC if their income is below $17,640.  Turbo tax is saying do not qualify for EIC with $3,300 in wages (W-2), $2,200 1099-INT and Social Security Benefits of $15,500 (which as I understand it.. do not qualify as income in the calculation).  Why wouldn't I qaulify?

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1 Replies
Level 15
Feb 9, 2024 4:53:58 AM

Sorry----it is also about the total amount of your income--including the Social Security -- not just the amount earned from working.   You had too much income to be eligible for EIC.

 

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