My job changed from 2019 to 2021, and my income was lower in 2021 because of that. This gives me a nice refund with the EITC, but does my situation count for this credit?

I went from full-time employee to a student with a part-time job.

457

Level 15

Mar 7, 2022 5:41:04 PM

Yes. The EIC is just based on your income. Oh you mean the lookback rule? Yes that's what it's for.

The special lookback rule will allow lower income individuals to use their earned income from 2019 to determine their Earned Income Tax Credit and the refundable portion of the Child Tax Credit in 2020 and 2021.

How to use the Lookback provision
https://ttlc.intuit.com/community/earned-income-credit/help/how-do-i-use-the-lookback-provision-to-maximize-my-earned-income-credit-or-additional-child-tax/01/2134907

New Member

Mar 7, 2022 5:46:10 PM

Thank you!

Expert Alumni

Mar 7, 2022 5:49:04 PM

Yes, if you went through the TurboTax interview, you can qualify for the Earned Income Credit even if you have no children. If you are Single with no children, the maximum you can earn is $21,430 and investment income less than $10,000 for the year.

See Who Qualifies for the Earned Income Tax Credit (EITC) for more information.

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My job changed from 2019 to 2021, and my income was lower in 2021 because of that. This gives me a nice refund with the EITC, but does my situation count for this credit?