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Level 5
March 5, 2022
Question

EIC

  • March 5, 2022
  • 4 replies
  • 12 views

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?

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4 replies

Level 10
March 5, 2022

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

janineAuthor
Level 5
March 6, 2022

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