rjs
Level 15
Level 15

Get your taxes done using TurboTax


@Critter-3 wrote:

@rjs    Can you post a link to that information ?


At this link:


IRS offers overview of tax provisions in American Rescue Plan


The last paragraph under the heading "Childless EITC expanded for 2021" (about halfway down the page) says:


"Another change is available to both childless workers and families with dependents. For 2021, it allows them to choose to figure the EITC using their 2019 income, as long as it was higher than their 2021 income. In some instances, this option will give them a larger credit."


Also in the DRAFT 2021 Form 1040 instructions, page 38:

"TIP: You may elect to use your 2019 earned income to figure your EIC if your 2019 earned income is more than your 2021 earned income."