Can tax deductions help you qualify for earned income credit ...

Question by jodi w : Can tax deductions help you qualify for earned income credit
I usually get earned income credit, but this year I am a couple thousand dollars above the limit. I have lots of deductions and was wondering if this would help. So want to know if turbo tax is as easy as they make it out to be? Best answer:

Answer by v b No
.EIC is deterministic mined by looking up both the amount for your earned income and the amount for your AGI and you get whichever amount results in the smallest EIC. IF your income is already above the limits, you would get $ 0

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Source: http://www.lovefinanceinfo.com/2012/02/can-tax-deductions-help-you-qualify-for-earned-income-credit/?utm_source=rss&utm_medium=rss&utm_campaign=can-tax-deductions-help-you-qualify-for-earned-income-credit

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