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January 27, 2025
Question

why mi EIC is very small if my income is below the guideline?

  • January 27, 2025
  • 2 replies
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    2 replies

    Employee
    January 28, 2025
    **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.**
    January 28, 2025

    In addition to how much income you have, the EIC credit also factors in how many qualifying children you claim.  The less qualifying children claimed, the less the EIC credit will be.  The two (income & qualifying children) determine the amount of your EIC credit.  See the link below provided by TurboTax, outlining the maximum credits:

     

    @drea-ramosp 

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