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Level 2
posted Apr 10, 2023 6:09:00 PM

TT Doesn't Seem to Be Calculating the EIC This Year

According to TT I meet the qualifications for the EIC but it doesn't seem to be calculating.  Unfortunately TT does not show WHY I am not eligible this year.  Any guidance would be greatly appreciated.

 

Thank you.

0 2 265
1 Best answer
Level 15
Apr 10, 2023 6:14:30 PM

 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

2 Replies
Level 15
Apr 10, 2023 6:14:30 PM

 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

Level 2
Apr 10, 2023 6:22:18 PM

WOW !! SUPER FAST RESPONSE !!!

Your first line about the age restrictions explains everything. I checked again but TT does not seem to list the age restrictions to this credit. Thank you very, very much.