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If you do not have a qualifying child as a dependent, then you are not eligible for the Earned Income Tax Credit since you are age 65 or older.
IRS website - https://www.irs.gov/credits-deductions/individuals/earned-income-tax-credit/do-i-qualify-for-earned-...
If you (and your spouse if filing a joint return) meet the basic EITC rules for everyone, you qualify for the EITC:
This is out of date. The rules changes for 2021.
@djacobsen2 wrote:
This is out of date. The rules changes for 2021.
Yes the tax code for EIC did change for tax year 2021.
However the answer provided in this thread was from two years ago referring to a 2019 tax return and was correct for tax year 2019.
The earned income credit would appear on line 27(a) on your 2021 form 1040-SR. It what not applicable for the 2019 tax filing year.
It is confusing for new TurboTax customers that are filing for the first time in 2021.
2021 is the first year that folks over 65 can claim the Earned Income Credit, so if you were over 65 in 2019, this will not be on your 2019 tax return.
If not, look on Line 18 of Form 1040-SR for 2019 for the Earned Income Credit.
If you are confused by the 'lookback rule' of using your 2019 income to qualify for the credit, you don't have to choose this.
To get the most credit, some taxpayers want to use the year they had the lowest income (either 2019 or 2021). If your income was about the same for 2019 as it is in 2021, don't worry about reviewing your 2019 return.
Click this link for more info on EITC for Over 65.
All TT clients need to complete the entire interview process and should not skip any sections especially this year due to the tax law changes ...
EVERYONE filing a tax return this year will have to visit the CTC section of the program even if they are not claiming any dependents on the 2021 return because the program cannot KNOW who got a CTC advance last year.
This goes for the third stimulus payment as well ... EVERYONE will need to answer those RRC questions.
And with the changes to the EIC more taxpayers will be eligible for it this year ... it is important to visit this credit as well.
Failure to complete any of these sections will result in error messages when you get to the REVIEW tab and you cannot efile with those errors.
So everyone needs to complete all sections of the TT interview and not skip the deductions & credits section this year even if they have in the past.
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