Why is my EIC so much lower than last year? My income last year was 12k as compared to 14k this year. Aside from that, nothing has changed. Single then and now.

turbosmax · ‎January 19, 2023

xmasbaby0 · ‎January 19, 2023

For 2022 there is no "lookback" to an earlier year for EIC, so that is one possible reason. Or....EIC is affected by the amount you earned from working.....more income or less income can affect the way it is calculated.

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.**

Hal_Al · ‎January 19, 2023

Because there's that big of a difference between making 12K and 14K.

See the 2022 EIC table at:

https://www.irs.gov/pub/irs-pdf/i1040tt.pdf Scroll down past the tax tables to get to the EIC table.

xmasbaby0 · ‎January 19, 2023

Yes....the difference is somewhere around $200 give or take for exact income amounts.

**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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Why is my EIC so much lower than last year? My income last year was 12k as compared to 14k this year. Aside from that, nothing has changed. Single then and now.