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jtmomof2
New Member

My EIC is about $1200 less than last year, but I only made $5000 more. Also, all the online calculators say it should be $981. TT is computing it at $786. Concerned.

 
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My EIC is about $1200 less than last year, but I only made $5000 more. Also, all the online calculators say it should be $981. TT is computing it at $786. Concerned.

See the tables at the end of this publication. They are for 2016, but will show you how EIC works:

https://www.irs.gov/pub/irs-pdf/p596.pdf

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6 Replies

My EIC is about $1200 less than last year, but I only made $5000 more. Also, all the online calculators say it should be $981. TT is computing it at $786. Concerned.

EIC is paid on bell curve. As your income  goes up, the EIC goes up, but then starts to come down. What is your fling status?

My EIC is about $1200 less than last year, but I only made $5000 more. Also, all the online calculators say it should be $981. TT is computing it at $786. Concerned.

For example, at the same income, the EIC for Single/HOH is less than that for MFJ.
jtmomof2
New Member

My EIC is about $1200 less than last year, but I only made $5000 more. Also, all the online calculators say it should be $981. TT is computing it at $786. Concerned.

HOH

My EIC is about $1200 less than last year, but I only made $5000 more. Also, all the online calculators say it should be $981. TT is computing it at $786. Concerned.

See the tables at the end of this publication. They are for 2016, but will show you how EIC works:

https://www.irs.gov/pub/irs-pdf/p596.pdf

My EIC is about $1200 less than last year, but I only made $5000 more. Also, all the online calculators say it should be $981. TT is computing it at $786. Concerned.

The IRS does not even have the 2017 EIC amounts on the site yet. So how accurate is the online calculator that is being used?
**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.**
jtmomof2
New Member

My EIC is about $1200 less than last year, but I only made $5000 more. Also, all the online calculators say it should be $981. TT is computing it at $786. Concerned.

Thanks, SweetieJean. That helped tremendously.

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