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earned income credit

My income only went up 4000 since last year and it is under the amount for me to receive the earned income credit and I have one qualifying dependent. My credit this year is 1507 and last year was 2122.  What is the reason TurboTax is calculating it to this amount? It should be 3618.

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1 Reply
FangxiaL
Expert Alumni

earned income credit

$3618 is the maximum earned income tax credit you could receive with one qualifying child. But the actual amount you qualify for depends on your income. If your EIC is $1507, your income is in the range of $32,700 - $32,750. TurboTax calculates your EITC based on the income information you entered.

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