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Why is it saying i dont get unearned credit for Kennedy this year?

I have received unearned credit every year for Kennedy even though i dont claim her why is that?
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2 Replies
TomK2023
Expert Alumni

Why is it saying i dont get unearned credit for Kennedy this year?

Assuming you're referring to Earned Income Credit, did you have a change in income or has Kennedy's (your daughter?) status changed (under the age of 19 as of December 31, 2023 (under 24 if a full-time student))?

 

To qualify for and claim the Earned Income Credit you must:

  • Have earned income
  • Have been a US citizen or resident alien for the entire tax year
  • Have a valid Social Security number (not an ITIN) for yourself, your spouse (if filing jointly), and any qualifying children on your return
  • Not have investment income exceeding $11,000
  • Not be filing a Form 2555 or 2555-EZ
  • File a return with the Single, Married Filing Jointly, Head of Household, or Qualifying Surviving Spouse filing status, even if you're not required to file a return

In addition, both your earned income and Adjusted Gross Income (AGI) may not exceed:

  • $17,640 if you're not claiming a qualifying child ($24,210 if filing jointly)
  • $46,560 if you're claiming one qualifying child ($53,120 if filing jointly)
  • $52,918 if you're claiming two qualifying children ($59,478 if filing jointly)
  • $56,838 if you're claiming three or more qualifying children ($63,398 if filing jointly)

If you're not claiming a qualifying child:

  • You (and your jointly filing spouse) can't be claimed as a qualifying child or dependent on anyone else's return.
  • You must be at least age 25 but under age 65 (at least one spouse must meet the age rule).


TurboTax FAQ: What are the qualifications for the Earned Income Credit (EIC or EITC)?

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Why is it saying i dont get unearned credit for Kennedy this year?

"unearned credit?"  Do you mean the earned income tax credit?  EIC?   Did you have income earned from working in 2023?  Do you have a W-2 or self-employment income?

 

 

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

 

 

 

 

Look at your 2023 Form 1040 to see the child-related credits you received

 

PREVIEW 1040

https://ttlc.intuit.com/questions/1901539-how-do-i-preview-my-turbotax-online-return-before-filing

 

Child Tax Credit line 19

Credit for Other Dependents line 19

Earned Income Credit line 27

Additional Child Tax Credit line 28

 

 

**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.**
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