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February 9, 2024
Question

earned income credit

  • February 9, 2024
  • 1 reply
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It was my understanding that a single ind. with no children qualifies for a EIC if their income is below $17,640.  Turbo tax is saying do not qualify for EIC with $3,300 in wages (W-2), $2,200 1099-INT and Social Security Benefits of $15,500 (which as I understand it.. do not qualify as income in the calculation).  Why wouldn't I qaulify?

    1 reply

    Employee
    February 9, 2024

    Sorry----it is also about the total amount of your income--including the Social Security -- not just the amount earned from working.   You had too much income to be eligible for EIC.

     

    https://ttlc.intuit.com/questions/1899157-what-are-the-qualifications-for-the-earned-income-credit-eic-or-eitc

    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.**