EIC

[janine]

New tax payer in my firm. taxpayer only earning income $14,968 plus social security benefits $18,802. age 65 calculated EIC $988.

When looking back at 2019 earnings, she benefits.  Her earnings in 2019 $11,381. SS benefits $18,264.

When I enter amount $11,381 in worksheet, program does not recalculate.  What should I do?

[jeffmcpa2010]

I believe the option to use 2019 is for the case where 2019 income is LARGER than 2021.

(If I'm incorrect someone will quickly correct me.!)lol

[Just-Lisa-Now-]

Youre right, the 2019 income must be larger than 2021 to use the lookback....its aimed at people that are making less money right now than they were in 2019.

[janine]

Yes that was my bad.  I have the answer already.   Thank you for your reply.

[janine]

Absolutely, my bad.  I was thinking the reverse.  I already figured it out and corrected it.

Thank you for your help