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EIC AGI

Credit not showing up for me. What am I missing?

I'm filing single with 0 dependents.

Total income 28k 

AGI 14,000

According to IRS - the maximum AGI (Adjusted Gross Income) investment income and credit amounts for tax year 2022 

for zero children or relatives claimed is $16,480. 

and i'm reading i'd get a max of $560 credit. 

Maximum Credit Amounts
The maximum amount of credit:

  • No qualifying children: $560

*source https://www.irs.gov/credits-deductions/individuals/earned-income-tax-credit/earned-income-and-earned...

Why is this credit not coming thru ?

 

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1 Best answer

Accepted Solutions

EIC AGI

Do  you have earned income?  Earned income includes all the taxable income and wages you get from working for someone else, yourself or from a business or farm you own.

 

Earned income does not include:

  • Pay you got for work when you were an inmate in a penal institution
  • Interest and dividends
  • Pensions or annuities
  • Social Security
  • Unemployment benefits
  • Alimony
  • Child support

View solution in original post

4 Replies

EIC AGI

Do  you have earned income?  Earned income includes all the taxable income and wages you get from working for someone else, yourself or from a business or farm you own.

 

Earned income does not include:

  • Pay you got for work when you were an inmate in a penal institution
  • Interest and dividends
  • Pensions or annuities
  • Social Security
  • Unemployment benefits
  • Alimony
  • Child support

EIC AGI

yes I do 

EIC AGI

Unfortunately, no one here can see your return.   See the following for the qualifying requirements:

 

If you're not claiming a qualifying child:

You (and your jointly filing spouse) can't be claimed as a qualifying child or dependent on anyone else's return, and

  • You must be at least 18 if you are a qualified former foster youth or a qualified homeless youth, regardless of whether or not you are a specified student
  • You must be at least age 19 if you aren't a specified student, qualified former foster youth, or qualified homeless youth
  • You must be at least age 24 if you are a specified student, unless you are a qualified former foster youth, or qualified homeless youth
  • You must be at least age 25 but under age 65 (at least one spouse must meet the age rule)

 

If you qualify then try going back to through the interview:

Federal,  Deductions & Credits, You and Your Family,  Earned Income Credit - Edit or Update

GeorgeM777
Expert Alumni

EIC AGI

In addition to what has been previously posted, to qualify for the earned income credit with no qualifying dependents, you must be at least age 25, but under 65 years of age.  Moreover, the basic qualifying rules for the EIC require that your investment income, i.e., dividends, interest, capital gains, be under $10,300 for tax year 2022.  You must also have a valid Social Security number and be a US citizen or a resident alien.  

 

@lookin4taxtips 

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