turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

How can i put my unemployment in so that computer doesn't include it in earned income to determine elligibilituy for EIC?

it added my w2 wages $82,19, 31,35O  unemployment earnings,$6,017 taxable refund, $118 taxable int, -(59,406)bus loss & -(1686)rent loss to = $58,587 earned inc but it shouldn't hav unemploy or int in it so I would b elligible for EIC
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

3 Replies
Hal_Al
Level 15

How can i put my unemployment in so that computer doesn't include it in earned income to determine elligibilituy for EIC?

Yes, you unemployment income can make you ineligible for EIC.

 

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. See the 2021 EIC table at:

 https://www.irs.gov/pub/irs-pdf/i1040tt.pdf Scroll down past the tax tables to get to the EIC table.

 

ALL your income affects eligibility for EITC, if your total income is over a certain level (see line 5 on the worksheet). 

How can i put my unemployment in so that computer doesn't include it in earned income to determine elligibilituy for EIC?

your presentation is awkward.  in any case, your earned income would be wages less your business loss which based on what you provided would be negative

 

no earned income, no credit.

 

look at the EIC schedule

 

UC, tax refund, interest, real estate loss are not included in earned income 

How can i put my unemployment in so that computer doesn't include it in earned income to determine elligibilituy for EIC?

TT automatically will determine the earned income;. 

 

EITC is based on BOTH earned income and AGI  and unemployment is part of AGI.

 

Look at the title on the IRS table below (it states 'AGI'):

 

https://www.irs.gov/credits-deductions/individuals/earned-income-tax-credit/earned-income-and-earned...

 

hildren or Relatives ClaimedMaximum AGI
(filing as Single, Head of Household, Widowed or Married Filing Separately*)Maximum AGI
(filing as Married Filing Jointly)ZeroOneTwoThree

$21,430

$27,380

$42,158

$48,108

$47,915

$53,865

$51,464

$57,414

 

 

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question