CollerCPA
Level 1
02-15-2021
01:54 PM
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Lacerte is calculating a NY Earned Income Credit for NYS & NYC retirees that have low income and no wages or S/E income. I believe this is incorrect. Or did I miss something
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Christine710
Level 1
02-15-2021
03:38 PM
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I just had one of these too. Searched all over the state's website for a rule change, couldn't find anything. I agree, this is incorrect.
I overrode the credit for now but we are going to have to really look at the returns to make sure one doesn't slip through. If for some reason they are entitled to it NYS will recalculate the return. I'd rather they get an unexpected refund than a balance due notice.
Community Manager
02-16-2021
11:34 AM
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Hi there,
This unexpected behavior has been reported to our developers and I will update this post accordingly.
-Betty Jo