All Tax Preparers: Remember to check the EITC lookback option for every return within EITC income limits!
Since some families’ 2021 earned income may still have been affected by the pandemic, either through job loss or reduced hours, their eligibility for the TY 2021 EITC may have been impacted. In order to prevent a reduction in EITC for eligible families, the IRS allows taxpayers to claim the EITC on the basis of EITHER their pre-pandemic, 2019 earned income or their 2021 earned income. For this reason, we are asking taxpayers to provide a copy of their 2019 tax return.
How to determine 2019 earned income:
1. Add up the following amounts from the 2019 tax return:
- Form 1040, line 1, Wages, salaries, tips, etc.
- Form 1040, Schedule 1, line 3, Business income or (loss)
2. Enter this amount in TaxSlayer > Basic Information > Personal Information
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