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Will I qualify for Eic or EITC credit- my code is 276 600?

Will I qualify for the EITC credit for my 3 year old dependent with an AGI of $19,466 received by unemployment?
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3 Replies
Hal_Al
Level 15

Will I qualify for Eic or EITC credit- my code is 276 600?

No.  Unemployment compensation is not earned income.

 

 The earned income credit is first calculated (actually looked up in a table) on your earned income then it is calculated on your total income (AGI). You get the lesser of the two calculated EIC numbers. See the  EIC table at:

https://apps.irs.gov/app/vita/content/globalmedia/earned_income_credit_table_1040i.pdf  

Will I qualify for Eic or EITC credit- my code is 276 600?

EITC is different then the EIC credit? 

Hal_Al
Level 15

Will I qualify for Eic or EITC credit- my code is 276 600?

No.  They are the same thing; just a different way of saying it. Earned Income Credit (EIC) or Earned Income Tax Credit (EITC)

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