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    Does this 25 year old qualify for EIC?

    mikeburg
    Level 2

    I have a 25 year old single taxpayer (& no dependents)

    with only one W-2 box 1 wages of $5.050 disqualifying him

    to be a dependent on his parent's 2023 tax return.  He has

    a 2023 1098-T showing only in qualified fees, tuition, etc,

    box $26,525 (no scholarships).  He has no other income.

    Is there any reason he would not qualify for earned

    income credit (with 0 children)?

    Thanks for your opinions & any other info.  mikeburg

    0 Cheers
    3 Comments 3
    TaxGuyBill
    Level 15

    I don't see anything in your post that disqualifies EIC, so it seems likely they may qualify (unless he doesn't meet some other requirement that you haven't mentioned).

    dkh
    Level 15

    If the return is not calculating EIC and you think it should, take a look at the EIC Worksheet.  There should be a box(es) checked to indicate why disallowed.

    Accountant-Man
    Level 13

    There are two questions beneath the dependents section of the Info W/S and both must be answered Y or N before EIC is allowed.

    {Sorry, this is in Pro Series. Does Lacerte have such questions? They should somewhere.}

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