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Level 1
February 13, 2025
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Why is my EIC lower this year? I fall under the same AGI tax bracket and nothing has changed regarding my dependents or deductions.. any help?

  • February 13, 2025
  • 1 reply
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    Best answer by xmasbaby0

    Was your income from working more -- or less---than last year?   Your EIC is based on how much you earned from working--so if that changes, your EIC changes.   Sometimes more income means less EIC.   

     

    https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-credits-deductions/qualifications-earned-income-credit-eic-eitc/L7w4BFP32_US_en_US?uid=m62rmz09

     

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

     

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

     

    Look at your 2024 Form 1040 to see the child-related credits you received

     

    PREVIEW 1040

    https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/preview-turbotax-online-return-filing/L77WCkvnu_US_en_US?uid=m681fkhr

     

    Child Tax Credit line 19

    Credit for Other Dependents line 19

    Earned Income Credit line 27

    Additional Child Tax Credit line 28

     

    1 reply

    xmasbaby0Level 15Answer
    Level 15
    February 13, 2025

    Was your income from working more -- or less---than last year?   Your EIC is based on how much you earned from working--so if that changes, your EIC changes.   Sometimes more income means less EIC.   

     

    https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-credits-deductions/qualifications-earned-income-credit-eic-eitc/L7w4BFP32_US_en_US?uid=m62rmz09

     

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

     

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

     

    Look at your 2024 Form 1040 to see the child-related credits you received

     

    PREVIEW 1040

    https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/preview-turbotax-online-return-filing/L77WCkvnu_US_en_US?uid=m681fkhr

     

    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.**