turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
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.

If I am eligible for the full amount of the earned income tax credit, why am I only receiving 182?

Adjusted gross income less than 5k but only recieving partial credit? Here is what it is saying: You received an Earned Income Tax Credit of $182 because as a single filer with no qualifying children your adjusted gross income of $4,625 exceeded the $9,800 phase-out threshold. For taxpayers in your situation, the maximum credit is $600 but it begins decreasing once income surpasses $9,800. With an adjusted gross income of $4,625, your credit was appropriately reduced to $182 based on your filing status and income.
Can someone explain?
Connect with an expert
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.

2 Replies

If I am eligible for the full amount of the earned income tax credit, why am I only receiving 182?

 

 

https://ttlc.intuit.com/questions/1899157-what-are-the-qualifications-for-the-earned-income-credit-e...

 

 

https://www.irs.gov/credits-deductions/individuals/earned-income-tax-credit/use-the-eitc-assistant

**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.**
Vanessa A
Expert Alumni

If I am eligible for the full amount of the earned income tax credit, why am I only receiving 182?

The Earned Income Tax Credit is figured on a bell shape curve.  When you have $0 income, you have $0 credit.  As your income goes up, the credit goes up until you reach the peak of the bell then the credit starts going back down.  You were beginning or going upside of the credit. Since you are single with no dependents, the maximum credit is $600.  You did not earn enough income to reach the $600 mark.  Instead, your income reached the mark that would give you a credit of $182.  

 

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies