Hey guys, I got a refund check a few days ago which I haven't cashed yet due to me not knowing why I received this refund, I researched this for awhile now, and I found that in 2020 there was a "Lookback Rule" [With this new “lookback” rule, you can choose to use your 2019 earned income information to determine your eligibility for the Earned Income Credit and the Additional Child Tax Credit if your 2020 earned income is lower than your 2019 earned income and doing so results in a larger credit.] and my 2020 earned income was lower then my 2019's because I was on unemployment due to the pandemic, I took a snapshot of my IRS transcript which is provided below. I must add that I did not do nothing to initiate this, I was audited for whatever reason, and after the audit was completed they issued this refund.
So based on the information I made available from all of my resources, I know none of you can tell me %100 that, this is the case, however, by adding all the information available, that would be my ONLY conclusion?
THOUGHTS ?
COMMENTS ?
Thanks a lot!
