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gcook0322
New Member

If the IRS Website says to qualify for EITC as a single person you have to make less than 63,398and Turbo Tax is saying 47,000 or so.Why is the system not adjusting?

 
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2 Replies

If the IRS Website says to qualify for EITC as a single person you have to make less than 63,398and Turbo Tax is saying 47,000 or so.Why is the system not adjusting?

The IRS 2023 EIC table is on this website - https://www.irs.gov/credits-deductions/individuals/earned-income-tax-credit/earned-income-and-earned...

 

Single Filer - No Children - Maximum AGI to be eligible $17,640

MinhT1
Expert Alumni

If the IRS Website says to qualify for EITC as a single person you have to make less than 63,398and Turbo Tax is saying 47,000 or so.Why is the system not adjusting?

$63,398 is the maximum AGI for a couple filing jointly with 3 qualifying children to get EITC.

 

This is an extract of Publication 596 page 4:

 

Your adjusted gross income (AGI) must be less than: 

• $56,838 ($63,398 for married filing jointly) if you have three or more qualifying children who have valid SSNs, 

• $52,918 ($59,478 for married filing jointly) if you have two qualifying children who have valid SSNs, 

• $46,560 ($53,120 for married filing jointly) if you have one qualifying child who has a valid SSN, or 

• $17,640 ($24,210 for married filing jointly) if you don't have a qualifying child who has a valid SSN.

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