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12/10/2021 0 Comments

Childless Earned Income Credit for 2021

Did you know you do not have to have a qualifying child for EIC/EITC (Earned Income Credit/Earned income Tax Credit) on your Federal Tax Return? And starting with your 2021 filing, there is no maximum age any longer! Prior years the cut off was age 65! They have also changed the minimum age to qualify. It is now NINETEEN- yes, 19 years old. Before it was a minimum age of 25. Also- it if you are a qualified former foster youth or qualified homeless youth, you can qualify, WITHOUT A QUALIFYING CHILD, as young as age 18.

The other requirements for EIC/EITC remain the same such as: you must show proof of earned income; you must not qualify to be treated as the dependent of another person (even if that person does not claim the taxpayer as a dependent); you must have lived in the United States more than half the year (Military personnel stationed outside the U.S. are considered to live in the U.S.); you must have a valid Social Security number (ITIN or ATIN does not work, nor does one marked “Not Valid For Employment”); you may not file as Married Filing Separate.

A good place to start looking at requirements is the IRS website!
https://www.irs.gov/credits-deductions/individuals/earned-income-tax-credit/who-qualifies-for-the-earned-income-tax-credit-eitc#basic

​#ajoyoustaxresult #taxseason22 #enrolledagent
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