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New Member
posted Feb 27, 2023 1:11:48 PM

EIC Qualification

Turbo Tax is saying that my family does not qualify for the EIC this year, but when I run the income numbers myself it looks like we should. What should I do?

W2 income is 44,188

Self Employment is 4,630

Interest income is 168

Rental Income is 6,113

K-1 income is 8,222

 

W2, self employment and K1 are earned, and Rental and Interest are investment, we should qualify for about $450 through the EIC with our 3 children, correct?

 

Thank you!

 

0 1 182
1 Best answer
Expert Alumni
Feb 27, 2023 1:36:08 PM

To qualify for the EIC your earned income and your Adjusted Gross Income must be less than :

 $59,187 if filing jointly and claiming 3 qualifying children 

 

Who Qualifies for the Earned Income Tax Credit (EITC)

1 Replies
Expert Alumni
Feb 27, 2023 1:36:08 PM

To qualify for the EIC your earned income and your Adjusted Gross Income must be less than :

 $59,187 if filing jointly and claiming 3 qualifying children 

 

Who Qualifies for the Earned Income Tax Credit (EITC)