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Level 5
January 31, 2022
Question

EITC

  • January 31, 2022
  • 1 reply
  • 14 views

If the EITC is higher with prior period income can you go back and use that amount for 2021?

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1 reply

qbteachmt
Level 15
January 31, 2022

"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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Level 5
February 1, 2022

Thank you.  Much appreciated