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cieradamali
Returning Member

My income qualified for the earned income credit guidelines for 2022. I didn't get the credit. If I possibly clicked a wrong button while doing taxes, can this be fixed?

Income was less than 16000.
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12 Replies

My income qualified for the earned income credit guidelines for 2022. I didn't get the credit. If I possibly clicked a wrong button while doing taxes, can this be fixed?

@cieradamali 

 

suggest running through this IRS app to assess whether you are eligible or not.

 

just because your income is be below the limit, your age may not be.  you would have to be over 24 years old / under 65 years old  to be eligible.  (I assume you are single / no children because you referenced the $16k threshold for single / o children),. 

 

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

 

it might be you are simply not eligible. 

cieradamali
Returning Member

My income qualified for the earned income credit guidelines for 2022. I didn't get the credit. If I possibly clicked a wrong button while doing taxes, can this be fixed?

I am over 24 & under 65 years old. I just tried the tool & it said I was eligible with an estimate of 448.

My income qualified for the earned income credit guidelines for 2022. I didn't get the credit. If I possibly clicked a wrong button while doing taxes, can this be fixed?

Earned Income Credit—-the rules are back to the “old” rules—

Those under 25 and over 65 without children are not eligible as they were uniquely in 2021.   And you cannot use your income from any earlier tax year to get the EIC for a 2022 return.  There is no “lookback” for 2022.  EIC for 2022 will be based on the income you earned by working in 2022.

 

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

 

 

 

 

PREVIEW 1040

https://ttlc.intuit.com/questions/1901539-how-do-i-preview-my-turbotax-online-return-before-filing

 

Child Tax Credit line 19

Credit for Other Dependents line 19

Earned Income Credit line 27

Additional Child Tax Credit line 28

**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.**

My income qualified for the earned income credit guidelines for 2022. I didn't get the credit. If I possibly clicked a wrong button while doing taxes, can this be fixed?

@cieradamali - then that points to a data entry issue..... suggest going back and checking what you entered...especially

 

1) check your birth year in TT - did you key that correctly? 

2) what kind of income do you have - if it's all W-2 or 1099-NEC, then that should not be the issue.  what I am really asking about is did you inadvertantly enter some of the income as 'investment income' - that would cause a problem.   What line(s) between 1 and 11 is the income showing up on the Form 1040?

 

 

My income qualified for the earned income credit guidelines for 2022. I didn't get the credit. If I possibly clicked a wrong button while doing taxes, can this be fixed?

If you are 25 when did you turn 25?  Better double check all your income in Turbo Tax.  

 

Before filing you can preview the 1040 or print the whole return. You have to pay any fees first before you can see all the forms, etc.
https://ttlc.intuit.com/community/accessing/help/how-do-i-preview-my-turbotax-online-return-before-f...

 

Did you go though the Earned Income Section?  It probably tells you why if you don't qualify.

To enter the Earned Income Credit (EIC) go to…
Federal Taxes Tab (Personal in Hone & Business)
Deductions and Credits
You & Your Family
Earned Income Credit (EIC) - click the Start or Update button

cieradamali
Returning Member

My income qualified for the earned income credit guidelines for 2022. I didn't get the credit. If I possibly clicked a wrong button while doing taxes, can this be fixed?

I'm 31 years old. The only thing other than W2 listed on my return is my 1098 since I went to vocational school & had student loans & a scholarship, plus I wrote off my self employment business as a loss for expenses paid no income from it. 

My income qualified for the earned income credit guidelines for 2022. I didn't get the credit. If I possibly clicked a wrong button while doing taxes, can this be fixed?

Loans and scholarship money do not count as earned income for the earned income credit.   Are you saying you "wrote off" so many expenses that your return shows no income earned from working?

**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.**

My income qualified for the earned income credit guidelines for 2022. I didn't get the credit. If I possibly clicked a wrong button while doing taxes, can this be fixed?

@cieradamali please post anything listed from Lines1 - Line 8 on form 1040.

 

what is the total that is listed on Line 9? 

 

 

thx 

 

 

cieradamali
Returning Member

My income qualified for the earned income credit guidelines for 2022. I didn't get the credit. If I possibly clicked a wrong button while doing taxes, can this be fixed?

Line 9 on 1040 is $2304. I wrote off similar ampunt of expenses for schedule c as I did last year (all honest amounts), and I got way more last year with similar situation (worked w2, also had unemployment temporarily, & school & self employment).

My income qualified for the earned income credit guidelines for 2022. I didn't get the credit. If I possibly clicked a wrong button while doing taxes, can this be fixed?

@cieradamali sorry, what is on Line 11?  

 

 

cieradamali
Returning Member

My income qualified for the earned income credit guidelines for 2022. I didn't get the credit. If I possibly clicked a wrong button while doing taxes, can this be fixed?

Line 11 is 10,699

My income qualified for the earned income credit guidelines for 2022. I didn't get the credit. If I possibly clicked a wrong button while doing taxes, can this be fixed?

@cieradamali I suspect the issue relates to your self employed income.  I can't figure that out for sure without reviewing your tax return (which I can;'t do!).

 

Look at Schedule B on page 44.... that is what TT is working through and I suspect it gets you to no EITC eligibility.  

 

https://www.irs.gov/pub/irs-pdf/i1040gi.pdf

 

 

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