Are unemployment benefits included for the EIC calculation? TT is including. I want to use my 2019 earned income which is higher when excluding 2020 unemployment
My EIC is not using the 2019
posted
February 13, 20213:27 PM
last updated
February 13, 20213:27 PM
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Are unemployment benefits included for the EIC calculation? TT is including. I want to use my 2019 earned income which is higher when excluding 2020 unemployment
Because unemployment is not earned income, you will want to use you 2019 earned income instead.
Here are the steps to do that:
Sign into your TurboTax account and Select Search at the top right
Type earned income tax credit and Select Jump to earned income tax credit
You will see a screen that asks if you want to use 2019 earned income and select yes to use 2019 earned income to have TurboTax calculate the 2020 EIC