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Returning Member
posted Feb 25, 2023 6:12:06 AM

EITC for 24 year old student

I have turbo tax self employed and I think I qualify for an EITC because I was a 24 year old student in 22 and made under 16k. But my turbo tax account does not think I qualify, any suggestions?

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1 Replies
Level 15
Feb 25, 2023 6:14:43 AM

Sorry---unless you have a qualified dependent child you cannot get EIC for a 2022 tax return.

 

 Earned Income Credit—-the rules are back to the “old” rules—

Those under 25 and over 65 without children are not eligible as they were uniquely in 2021.   And you cannot use your income from any earlier tax year to get the EIC for a 2022 return.  There is no “lookback” for 2022.  EIC for 2022 will be based on the income you earned by working in 2022.

 

https://ttlc.intuit.com/questions/1899157-what-are-the-qualifications-for-the-earned-income-credit-eic-or-eitc

https://www.irs.gov/credits-deductions/individuals/earned-income-tax-credit/use-the-eitc-assistant