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?
You'll need to sign in or create an account to connect with an expert.
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:
I remember the EIC and my return increased. I want to know why the EIC is taking money away.
I have removed the EIC information and it increased. I would like to know why this is happening.
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.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
tylynnalexander0
New Member
mkhaderva
New Member
austuche2000
New Member
Jaylanee05
New Member
jasminegfreeland
New Member