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How can I not qualify for The eitc when i was under 65 in 2023?

 
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2 Replies

How can I not qualify for The eitc when i was under 65 in 2023?

 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 2023.  EIC for 2023 will be based on the income you earned by working in 2023.

 

https://ttlc.intuit.com/questions/1899157-what-are-the-qualifications-for-the-earned-income-credit-e...

https://www.irs.gov/credits-deductions/individuals/earned-income-tax-credit/use-the-eitc-assistant

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
JamesG1
Expert Alumni

How can I not qualify for The eitc when i was under 65 in 2023?

Hard to know without seeing the details on your tax return. 

 

First, you must have earned income.  The IRS defines earned income as:

 

  • Taxable income you earned as an employee, such as wages, salaries, commissions, and tips,
  • Profits from operating your business or farm,
  • Long-term disability pay if received before the minimum retirement age,
  • Union strike benefits.

Here are the requirements to qualify for the Earned Income Credit:

 

  • Have earned income; and
  • Have been a U.S. citizen or resident alien for the entire tax year; and
  • Have a valid Social Security number (not an ITIN) for yourself, your spouse (if filing jointly), and any qualifying children on your return; and
  • Not have investment income exceeding $11,000; and
  • Not be filing a Form 2555 or 2555-EZ; and
  • File a return with the Single, Married Filing Jointly, Head of Household, or Qualifying Widower filing status, even if you're not required to file a return.

In addition, both your earned income and Adjusted Gross Income (AGI) may not exceed:

 

  • $17,640 if you're not claiming a qualifying child ($24,210 if filing jointly)
  • $46,560 if you're claiming 1 qualifying child ($53,120 if filing jointly)
  • $52,918 if you're claiming 2 qualifying children ($59,478 if filing jointly)
  • $56,838 if you're claiming 3+ qualifying children ($63,698 if filing jointly)

The tests for a qualifying child are:

 

  • Relationship: Must be your child, adopted child, foster child, brother or sister, or a descendant of one of these (grand or nephew).
  • Residence: Must have the same residence for more than half the year.
  • Age: Must be under age 19 or under 24 and a full-time student for at least 5 months. They can be any age if they are totally and permanently disabled.
  • Support: Must not have provided more than half of their own support during the year.
  • Joint Support: The child cannot file a joint return for the year.

If you are not claiming a qualifying child:

 

You (and your jointly filing spouse) cannot be claimed as a qualifying child or dependent on anyone else’s return, and 

 

  • You must be at least age 25 but under age 65 (at least one spouse must meet the age rule)

Adjusted gross income (AGI) can be found on line 11 of the 2023 IRS 1040 form.

 

 A screenshot of a form

Description automatically generated

 

TurboTax software will ask you simple questions and give you the tax deductions and credits for which you are eligible based upon your answers.

 

See also these TurboTax Helps.

 

@mjengle2018 

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