I'm preparing taxes for 2021.
TurboTax asking about my 2019 income for the Earned Income Tax Credit (EITC) when filing for tax year 2021.
Shouldn't it be asking for 2020 income? Is this a holdover error from last year's software?
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No, this is correct. The lookback for Earned Income Tax Credit (EITC) is to tax year 2019 (pre-pandemic). If your 2019 earned income is higher than your 2021 earned income you may qualify for a higher EITC. Here is a link with more information on the EITC and "Lookback."
No, this is correct. The lookback for Earned Income Tax Credit (EITC) is to tax year 2019 (pre-pandemic). If your 2019 earned income is higher than your 2021 earned income you may qualify for a higher EITC. Here is a link with more information on the EITC and "Lookback."
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