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dslovick10
New Member

Head of Household with 1 dependant. My wages are 41091 but my AGI will be lower. Why isn't the EIC working on the site for me?

 
1 Best answer

Accepted Solutions
TaxGuyBill
Level 9

Head of Household with 1 dependant. My wages are 41091 but my AGI will be lower. Why isn't the EIC working on the site for me?

As Critter said, your income is too high.

  • It is first calculated using your "earned income" (wages and self employment income).
  • Then it is calculated again using your Adjusted Gross Income (AGI).
  • Your actual credit is then the lower of those two calculations.

Here is the current draft 2017 EIC table, showing that income over $39,600 (with one child) results in no EIC.

https://www.irs.gov/pub/irs-dft/i1040gi--dft.pdf#page=69



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6 Replies
Critter
Level 15

Head of Household with 1 dependant. My wages are 41091 but my AGI will be lower. Why isn't the EIC working on the site for me?

At that income level you don't get any EIC ... review that again when you have all your income entered.
dslovick10
New Member

Head of Household with 1 dependant. My wages are 41091 but my AGI will be lower. Why isn't the EIC working on the site for me?

So it isn’t the adjusted gross income then? Do They go by gross off of my w2?
dslovick10
New Member

Head of Household with 1 dependant. My wages are 41091 but my AGI will be lower. Why isn't the EIC working on the site for me?

Thanks.
TaxGuyBill
Level 9

Head of Household with 1 dependant. My wages are 41091 but my AGI will be lower. Why isn't the EIC working on the site for me?

Not a glitch, see my answer below.
TaxGuyBill
Level 9

Head of Household with 1 dependant. My wages are 41091 but my AGI will be lower. Why isn't the EIC working on the site for me?

As Critter said, your income is too high.

  • It is first calculated using your "earned income" (wages and self employment income).
  • Then it is calculated again using your Adjusted Gross Income (AGI).
  • Your actual credit is then the lower of those two calculations.

Here is the current draft 2017 EIC table, showing that income over $39,600 (with one child) results in no EIC.

https://www.irs.gov/pub/irs-dft/i1040gi--dft.pdf#page=69



View solution in original post

VolvoGirl
Level 15

Head of Household with 1 dependant. My wages are 41091 but my AGI will be lower. Why isn't the EIC working on the site for me?

And investment income over 3,450 disqualifies you for EIC.

 IRS Earned Income Credit Amounts
<a rel="nofollow" target="_blank" href="https://www.irs.gov/credits-deductions/individuals/earned-income-tax-credit/eitc-income-limits-maxim...>
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