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Level 2
posted Apr 5, 2021 10:10:46 AM

Did not qualify for the Federal EITC but Turbotax tells me I qualify for the NJ EITC. Please explain

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1 Replies
Expert Alumni
Apr 5, 2021 10:29:11 AM

Per the New Jersey tax guide, for Tax Year 2020 and forward, If you are 21-24 years old and the only reason you did not claim a federal EITC was because of your age, you may still qualify for a NJEITC.

 

Please use this link for more details:  NJ Division of Taxation EITC

 

The EITC or New Jersey Earned Income Tax Credit (NJEITC) is a benefit for working people who have low to moderate income. A tax credit means more money in your pocket. It reduces the amount of tax you owe and may also give you a refund.