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February 4, 2025
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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

  • February 4, 2025
  • 1 reply
  • 0 views
The amount does not make sense it differs from irs.gov
    Best answer by xmasbaby0

    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-earned-income-credit-eic-eitc/L7w4BFP32_US_en_US?uid=m62rmz09

     

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

     

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

     

    1 reply

    xmasbaby0Answer
    Employee
    February 4, 2025

    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-earned-income-credit-eic-eitc/L7w4BFP32_US_en_US?uid=m62rmz09

     

    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.**