Earned Income Credit

[ladybuggin]

I have earned 2200.00 in actual wages for 2019.  The rest of my 'income' is from a retirement pension and investment income.  I'm being told I do not qualify for the EIC because my AGI is too high.  I thought it was based on earned wages only; it states in the 'help' within Turbo Tax that retirement and investment income does not count.  I am a Single filer, with no dependent children.

Thanks. 

[CatinaT1 · Accepted solution]

Your EIC is calculated based on your earned income, but also, your tax year investment income must be $3,600 or less for the year.

In addition, both your earned income and adjusted gross income (AGI) must be no more than $15,570 for single with no dependents.

This IRS link will give you more information:  https://www.irs.gov/credits-deductions/individuals/earned-income-tax-credit/do-i-qualify-for-earned-...

[ladybuggin]

Thanks for your reply.   Your answer and the little video I found were very helpful.  I just needed to read the full description of the EIC in your Help menus.   Where I confused myself was when I clicked on the 'earned income' link, which is only to clarify what earned income is, and not how to qualify for the EIC.  

Thanks again! - ss