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 Fillable Eic Worksheet a 2018

Irs Publication 596 PDF 2018-2025 Form

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Instructions and help about 2017 earned

okay for this video i wanted to talk about the earned income tax credit for 2021. so the irs recently updated their faqs on their site uh for this eitc for 2021 and specifically what they did was they updated question 15 which addresses using a prior year to figure your earned income so if we look at question 15 so again this was published last week may 25th question 15 asks can i elect to use my 2019 earned income to figure my eitc for 2021 okay so if we jump over to the revised faqs here so these are the revised faqs these were originally published back in march and if you scroll down to question 15 here and again it asks you know can i like to use my 2019 earned income and the answer is yes right so for 2021 eligible taxpayers can choose to figure your eitc for 2021 your 2021 form 1040 using the higher of your 2019 earned income or 2021. okay now in some cases as it notes there in certain instances this could result in a greater amount of eitc so so why is that and why did they add

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