I qualify for a EIC, filing jointly claiming 2 children with an annual income of $49,000 (less than $51,492) why is my EIC only $519?

[ster]

I qualify for an EIC, filing jointly claiming 2 children with an annual income of $49,000 (less than $51,492) why is my EIC only $519?"

[Ashby · Accepted solution]

EIC is based on income and phases in and out. You are near the top of the EIC eligibility amount, so your credit is not that high. There are complete tables for this put out by the IRS that show your exact credit amount based on income, children and filing status. I have attached an image of the table that shows your qualification.

[ster]

thx