EITC Computation

Forum|Forum|4 years ago
December 28, 2021
2 replies
28 views

I started entering client data for a 2021 into the early release of ProSeries Basic. The program is computing the EITC, even though taxpayer and spouse are both over age 65. Has anyone else observed this?

ProSeries Basic

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Best answer by sjrcpa

Yes. The law changed.

sjrcpaAnswer

Level 15

Yes. The law changed.

The more I know the more I don’t know.

F

FrankKAuthor

Level 4

Hmmm... Searched the IRS web site, and their instructions still show that taxpayer must be > 65. Must be COVID / Supply Chain delay in updating their instructions. 😞

Accountant-Man

Level 13

Frank, must be GREATER THAN 65?

** I'm still a champion... of the world! Even without The Lounge.

Just-Lisa-Now-

Intuit Community Champion

Time to sign up for some CEs! So worth the money for someone else to gather up all the new little changes and put them all in one place for you!

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

F

FrankKAuthor

Level 4

Ordinarily, none of my clients would be eligible for the EITC. It just happened because of this particular change and a lower income year for this client. (who is a good test case for the software due to the number of forms associated with the client's return).

With respect to CPE, this issue was not covered in my "individual tax update" CPE provided by my state society. I sent a note to the CPE provider, as others might miss this change too.

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