Dependable
Level 4
01-31-2022
04:36 PM
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If the EITC is higher with prior period income can you go back and use that amount for 2021?
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qbteachmt
Level 15
01-31-2022
04:41 PM
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"Election to use prior-year earned income
You can elect to use your 2019 earned income to figure your 2021 earned income credit (EIC) if your 2019 earned income is more than your 2021 earned income."
Per the IRS:
https://www.irs.gov/credits-deductions/individuals/earned-income-tax-credit/use-the-eitc-assistant
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Dependable
Level 4
01-31-2022
09:24 PM
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Thank you. Much appreciated
