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Posted

I need a Virginia preparer that use ATX to tell me what I don't see. The facts:

Single TP

FAGI:14191

Sch A net ded VA line 10:12375

Exemptions:930

line 13 va 760: 13305

Line 14 VA TI:886

Tax:18

EIC credit:13 Credit low income 3 on VA adj page line 17

Question is why I can't get the low income to work and 18 credit instead of 3 credit.

Am I doing this wrong?

Posted

For low income credit, income must be below federal poverty level which I think is just less than $12,000. Since they qualify for federal EIC, they get a credit based on that equal to 20% of the federal EIC. If federal EIC is $13, then 20% is $2.60 for Virginia. Lynn's advice is spot on.

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