2101370
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Bfp1430
New Member

New unemployment guidelines

Quick question . I filed my taxes already and I know we are suppose to wait for the irs to give us more information on what to do with the new unemployment guidelines. Does this still apply to you if you used 2019 unemployment income because of EIC? Hope that makes sense . 

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
HelenC12
Expert Alumni

New unemployment guidelines

Unemployment is not earned income so it's not used for the EIC calculation.  

  • For tax year 2020, The Consolidated Appropriations Act (CAA) allows taxpayers to use their 2019 earned income if it was higher than their 2020 earned income in calculating the Additional Child Tax Credit (ACTC) as well as the Earned Income Tax Credit (EITC).

 

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question