Greta
Level 9
06-02-2021
10:49 PM
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Yes, it increased to $1502 but just for tax year 2021 I believe. Perhaps there are no tables published yet. I'm impressed that our colleague found the calculation needed. Among my clients who are self-employed, this will equal what they owe in self-employment taxes. Not a coincidence that 15.3% is used in the EITC calculus? In past years this was a big hit for self-employed folks.