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Level 2
February 7, 2022
Question

Raised eic

  • February 7, 2022
  • 1 reply
  • 0 views

I had already filed my taxes electronically and they was accepted on 1/21/22. Biden raised the eic ammount and I'm sure I qualify for that amount. Will the IRS change that amount on their own? I don't want to amend my return because it is scheduled for direct deposit on 2/11/22.

    1 reply

    Level 15
    February 7, 2022

    If you qualified for EIC it was added automatically.  Look on line 27a of your Form 1040.

     

    PREVIEW 1040

     

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

    Click on Tax Tools on the left side of the screen. Click on Tools. Click on View Tax Summary. Click on Preview my 1040 on the left side of the screen.

    **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.**
    Alumni - Champ
    February 7, 2022

    Just a note that the President did not (and cannot) raise the EIC; rather, Congress did.