Question

EIC

Forum|Forum|5 years ago
February 2, 2021
1 reply
0 views

Not sure why my return is lower this year then last. My EIC number is lower for some reason. The software updated and the return just went down for no reason I have been comparing to last years but cant figure it out.

TurboTax Home & Biz Windows

DMarkM1

The Earned Income Credit tables change every year. Your income level this year could qualify for a different credit amount from last year.

Another place to look for differences between years is to compare taxable income (lines 15) and withholding (lines 25).

You should see a positive relationship. For example, as your income goes up the withholding should also go up. If your income stayed about the same, but withholding went down that also would create a difference.

If you see a big disconnect there, you may need to work with your employer to create and new W4. Here is a calculator to assist as well.

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"