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Ciomara77
Returning Member

Why is EIC reducing my tax refund?

Why does my tax return amount drop by $1300 after entering EIC information. I do not have any dependents so I understand I am not able to claim the credit, but why is it taking money away? 

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4 Replies
ColeenD3
Expert Alumni

Why is EIC reducing my tax refund?

Take a look at your return as it stands and see what the figures are. Then remove the EIC information and compare the two to see what changes.

 

Here's the general procedure for viewing the forms list and deleting unwanted forms, schedules, and worksheets in TurboTax Online:

  1. Open or continue your return in TurboTax.
  2. In the left menu, select Tax Tools and then Tools.
  3. In the pop-up window Tool Center, choose Delete a form.
  4. Select Delete next to the form/schedule/worksheet in the list and follow the instructions.
Ciomara77
Returning Member

Why is EIC reducing my tax refund?

I remember the EIC and my return increased. I want to know why the EIC is taking money away. 

Ciomara77
Returning Member

Why is EIC reducing my tax refund?

I have removed the EIC information and it increased. I would like to know why this is happening. 

JamesG1
Expert Alumni

Why is EIC reducing my tax refund?

To answer your question, you would have to review the Federal 1040 tax return before and after you enter the EIC information.

 

Your 2021 Federal 1040 tax return can be viewed at Tax Tools / Tools / View Tax Summary / Preview my 1040.

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