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New Member
posted Feb 11, 2021 4:35:52 AM

Why is turbo tax using AGI of 2020 for EIC and not 2019 earned income?

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1 Replies
Level 15
Feb 11, 2021 5:19:54 AM

Yes you can use 2019 earned income instead of 2020 income to compute the child tax credit.

 

To do this in TurboTax:

  • In Search, type earned income credit,
  • Click Jump to earned income credit,
  • Answer the questions until you reach Do you want to use last year’s earned income?
  • Click Yes and enter your 2019 Earned Income.

If your earned income was higher in 2019 than in 2020, you may get a higher EITC credit by using 2019 earned income. Try it both ways in TurboTax and see what works best for you.

 

For more information see Earned Income Credit.