topic EIC in After you file

EIC

Sheepiemom — Fri, 28 Jan 2022 01:06:25 GMT

The program "awarded" us an EIC--but we do not have any children that are under the age of 40 years old. I am thinking this is a mistake and I should file an amended return without the EIC. Is that correct? We are both in our 70's; receive Social Security monthly and I work part-time. No children in our household.

Re: EIC

RBBrittain — Fri, 28 Jan 2022 01:11:35 GMT

EITC can be claimed even if you have no qualifying children, depending on how much income you have. If you have a small part-time job, it might be just enough to qualify you for EITC; in that case your Social Security probably isn't taxable.

Re: EIC

VolvoGirl — Fri, 28 Jan 2022 01:15:13 GMT

Apparently you no longer have to be under 65 to get the EIC without children. Turbo Tax is doing it right.

Re: EIC

VolvoGirl — Fri, 28 Jan 2022 01:19:07 GMT

See

https://ttlc.intuit.com/community/credits-and-deductions/help/what-are-the-qualifications-for-the-earned-income-credit-eic-or-eitc/00/25603

Re: EIC

Critter-3 — Fri, 28 Jan 2022 01:22:37 GMT

FYI ... the EIC could delay your refund until the end of Feb or early March but it is legal due to the tax law changes.

Re: EIC

RBBrittain — Fri, 28 Jan 2022 01:30:31 GMT

I believe the change in age limits for EITC with no kids is only for this year thanks to the American Rescue Plan Act. If so, the old rules will be reinstated next year.