Level 7

Question

EITC Provision

Forum|Forum|5 years ago
January 28, 2021
4 replies
18 views

Does anybody have the final word about the EITC with only unemployment income using the provision to use the Earned Income from 2019? Pub 596 came out today and it does not mention this particular case. It looks to me that although it looks unfair, at least 1 dollar is needed as earned income in 2020.

ProSeries Professional

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Just-Lisa-Now-

Intuit Community Champion

Does the Pub say you must have earned income in 2020 to use the 2019 lookback?

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

A

athaureaux6Author

Level 7

Yes, it says that but as we have been discussing, if the purpose of the law is helping people due to the virus, what is the difference between having worked one week in Uber and have not worked at all? Will the Uber qualifies using the provision?

Just-Lisa-Now-

Intuit Community Champion

Im not seeing it say that you must have earned income in 2020 to use the 2019 lookback anywhere in Pub 596.

All it says is that 2019 earned income needs to be more than 2020 earned income.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

BobKamman

Level 15

No, you do not need any 2020 income to claim EIC based on 2019 earnings.

Next I suppose you'll start dithering about Schedule C filers with a loss in 2020 but a profit in 2019.

A

athaureaux6Author

Level 7

As I said before, I talked to the EITC department and they told me if a person got unemployment only, that person can not use the provision even if he has 2019 earned income. So who has the truth?

G

garman22

Intuit Community Champion

I dont trust IRS employees to have the right information......trust what the Publication states.

IRonMaN

Level 15

Is it just me or this like Intuit is hosting a Groundhog Day movie marathon?.

Slava Ukraini!

BobKamman

Level 15

@IRonMaN

Not so much groundhogs, more like dead horses.

qbteachmt

Level 15

"more like dead horses"

I envision people running in circles like chickens with their heads just cut off.

I don't understand why everyone is so hot-to-trot, when the IRS isn't even receiving until mid-Feb and the programs are not finalized. I know what it is like to want to meet deadlines, but being ahead of the software and the receiving agency means everyone should calm down. Look at last year; you no longer get to file the majority of the returns by mid-April, then take off a few weeks. What is going to happen this year? You should be resting now, in preparation for the upcoming slog. Take A Break; you deserve it.

Don't yell at us; we're volunteers

qbteachmt

Level 15

The IRS released an EITC video:

https://www.youtube.com/watch?v=Cuuwvs_hLgM

Don't yell at us; we're volunteers

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