Level 3

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EITC for singles in 2021

Forum|Forum|4 years ago
February 2, 2022
4 replies
18 views

From IRS:
For 2021, the EITC is generally available to filers without qualifying children who are at least 19 years old with earned income below $21,430; $27,380 for spouses filing a joint return. The maximum EITC for filers with no qualifying children is $1,502, up from $538 in 2020. There are also special exceptions for people who are 18 years old and were formerly in foster care or are experiencing homelessness. Full-time students under age 24 don't qualify. There is no upper age limit for claiming the credit if taxpayers have earned income. In the past, the EITC for those with no dependents was only available to people ages 25 to 64.

PROSERIES Support: I just filed tax for a client who was 23 and was a full time student. I even entered his 1098-T and marked him as a full-time student. Software still qualifies him for EITC on his 1040!!! Is this correct or software is all messed up?

ProSeries Professional

This topic has been closed for replies.

Best answer by TaxGuyBill

At first glance, the software seems set up correctly, but you are the one that missed checking the box on the EIC worksheet.

qbteachmt

Level 15

This not ProSeries Support. It's a peer user community on the internet.

Here is an IRS link, with topics and bookmark links:

https://www.irs.gov/newsroom/get-ready-for-taxes-bookmark-irsgov-resources-and-online-tools-to-use-before-during-and-after-filing

EITC is one of the Interactive Tax Wizards available.

Don't yell at us; we're volunteers

clr600

Level 7

Is the client a dependent. If not this is why the program is giving the client eitc.

taxiowa

Level 8

I think QB and CLR are missing the instructions which say that if specified student under age 24 they do not qualify for EIC even if not claimed as a dependent. I think I would just answer on info worksheet that they are not qualified for EIC until Intuit makes the correction.

T

TaxGuyBillAnswer

Level 15

At first glance, the software seems set up correctly, but you are the one that missed checking the box on the EIC worksheet.

taxiowa

Level 8

Bill is correct. There is a box on EIC worksheet to designate that you are a specified student. It would probably help if Intuit highlighted it or automatically checked it when you designated that you were a specified student elsewhere on student info worksheet.

L

lammungAuthor

Level 3

I agreed.

There should be highlights to be checked off.

And if i put in 1098-t, marked it full-time student...that along should've triggered the disqualification for eitc. What's better proof of a full-time student then 1098-t?!

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