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Why is turbo tax not putting in the entire Earned Income credit of 4213 with a person making less than the allowed amount claiming 1 child. They are substantially lower

The amount does not make sense it differs from irs.gov
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1 Best answer

Accepted Solutions
xmasbaby0
Level 15
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

Why is turbo tax not putting in the entire Earned Income credit of 4213 with a person making less than the allowed amount claiming 1 child. They are substantially lower

You do not necessarily get the maximum amount of EIC.  The amount you get is based on how much you earned from working.  The calculation is a complicated one done on a bell curve.  Sometimes less income means more EIC, sometimes more income means less EIC.

 

 

https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-credits-deductions/qualifications-ea...

 

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

 

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

 

**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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1 Reply
xmasbaby0
Level 15
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

Why is turbo tax not putting in the entire Earned Income credit of 4213 with a person making less than the allowed amount claiming 1 child. They are substantially lower

You do not necessarily get the maximum amount of EIC.  The amount you get is based on how much you earned from working.  The calculation is a complicated one done on a bell curve.  Sometimes less income means more EIC, sometimes more income means less EIC.

 

 

https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-credits-deductions/qualifications-ea...

 

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

 

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

 

**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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