See http://taxsim.nber.org/out2psl/809
PE gives this couple 103 in refundable EIC, which is the correct amount for 2 children and 30400 in wages and AGI. but this taxpayer has an additional 4273 of interest income, which is enough to phase out the EIC.
See http://taxsim.nber.org/out2psl/809
PE gives this couple 103 in refundable EIC, which is the correct amount for 2 children and 30400 in wages and AGI. but this taxpayer has an additional 4273 of interest income, which is enough to phase out the EIC.