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drea-ramosp
New Member

why mi EIC is very small if my income is below the guideline?

 
posted
‎January 27, 2025 3:57 PM
last updated ‎January 27, 2025 3:57 PM
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xmasbaby0
Level 15
Level 15

why mi EIC is very small if my income is below the guideline?

https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-credits-deductions/qualifications-ea...

 

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

**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.**
‎January 27, 2025 4:00 PM
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BrittanyS
Expert Alumni
Expert Alumni

why mi EIC is very small if my income is below the guideline?

In addition to how much income you have, the EIC credit also factors in how many qualifying children you claim.  The less qualifying children claimed, the less the EIC credit will be.  The two (income & qualifying children) determine the amount of your EIC credit.  See the link below provided by TurboTax, outlining the maximum credits:

 

@drea-ramosp 

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‎January 27, 2025 4:04 PM
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