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If I qualify for EITC filing single with no dependants why is Turbo Tax only showing it as a $59 credit on my refund instead of $600?

 
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4 Replies

If I qualify for EITC filing single with no dependants why is Turbo Tax only showing it as a $59 credit on my refund instead of $600?

The earned income credit is calculated on a sliding scale. If you have very little income, you get very little credit, because you haven’t worked very much; and if you earn toward the top of the limit, the credit phases out because you are earning more.  We can’t see your tax return, so we can’t see the calculation.

If I qualify for EITC filing single with no dependants why is Turbo Tax only showing it as a $59 credit on my refund instead of $600?

Earned income credit is calculated on a bell curve.  That means the amount you get is based on how much you earned by working.  You do not get a flat amount of $600.

 

 

https://ttlc.intuit.com/questions/1899157-what-are-the-qualifications-for-the-earned-income-credit-e...

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.**

If I qualify for EITC filing single with no dependants why is Turbo Tax only showing it as a $59 credit on my refund instead of $600?

You would get the $600 if your earnings for  single filer with no dependents if you earned between $7800 and $9800.   Earned less?   Less EIC.   Earned more?  Less EIC.

**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.**

If I qualify for EITC filing single with no dependants why is Turbo Tax only showing it as a $59 credit on my refund instead of $600?

$59 of EIC on line 27 of 1040 would indicate you only had earned income of between $750 and $800

You can use this IRS tool to check your EIC

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

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