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 Schedule ICR Illinois Credits Schedule ICR Illinois Credits 2021

Illinois 2021-2024 Form

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Video instructions and help with filling out and completing Schedule ICR Illinois Credits Schedule ICR Illinois Credits Form

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Instructions and help about illinois schedule icr

For 2021 tax returns, you can elect to  use Prior-Year Earned Income from 2019 to   calculate the Earned Income Credit for 2021. Prior-year earned income (PYEI) can only be   substituted for current-year earned income  (CYEI) if the prior year earned income is   larger than current year earned income. To give taxpayers the largest credit possible,   Drake Tax 2021 will calculate the credit both  ways, using both prior-year 2019 and current-year   2021 earned income, and will automatically  determine which results in the larger credit.  If the taxpayer’s 2019 and 2020 tax return was  calculated and electronically filed using Drake   Tax software, when the return is updated  to 2021, the taxpayer’s 2019 earned income   will flow to the Prior-year (2019)  earned income field on the EIC screen.  On some returns, the prior-year (2019) earned  income amount cannot be automatically updated,   or the 2019 return may not have been  prepared using Drake Tax 2019. I

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