Question

If Turbotax and the IRS are going to amend my return how will I know if I need qualify for additional tax breaks or not and if I need to make an amendment or not?

Forum|Forum|5 years ago
April 12, 2021
1 reply
0 views

The post from the IRS and turbo tax say you may be eligible for other tax breaks with the new unemployment tax break but its only going to credit the difference for that break, how will I know if I qualify for any other break like for example EIC so I can make those amendments.

TurboTax Deluxe Online

B

Bsch4477

Employee

Your return has been updated to exclude the $10,200 unemployment deduction and the program would have made any associated adjustments like EIC. If you already have EIC on your original return the IRS will amend that but if you were not eligible for EIC before and are eligible for it after the deduction then you will have to amend your return to get the additional amount.

AmyC

Employee

Earned Income Credit eligibility:

The greater of AGI or earned income must be less than:

$15,820 ($21,710 for MFJ) with no qualifying children,
$41,756 ($47,646 for MFJ) with one qualifying child,
$47,440 ($53,330 for MFJ) with two qualifying children, or•$50,954 ($56,844 for MFJ) with three or more qualifying children.

Child Tax Credit