Welcome back! Ask questions, get answers, and join our large community of tax professionals.
- Topics
- Training
- Community
- Product Help
- Industry Discussions
- User Groups
- Discover
- Resources
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
- Intuit Accountants Community
- :
- ProSeries Tax
- :
- ProSeries Tax Discussions
- :
- Re: Earned Inc. Credit
Earned Inc. Credit
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
reid2me
Level 1
03-14-2022
06:20 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
I have a client who is 20 yrs. of age, had a son last year in April, the last time they filed was in 2019, with $4,245 of wages. When they filed in 2020 for 2019, they were single, of course no EIC, due to age and not claimed by parent or anyone else. This year they have their son and only unemployment income of $2,856. Do they qualify to use the 2019 income as a basis for 2021 EIC?
Labels
1 Comment 1
dkh
Level 15
03-14-2022
11:32 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
ARPA provision - EIC for 2021 taxpayer may choose to use 2019 earned income if it is greater then 2021 earned income If single in 2019 but MFJ for 2021 - the total of each (taxpayer+spouse) income for 2019 is used
This information is available in resource material such as 1040 Quickfinder. It is also in the Handbook issued with my CPE seminar.
