Alfredo1967
Level 3
‎02-26-2021 05:45 PM

there is a rumor that this tax season tax filer will be able to choose whether they want to use either their 2019 or 2020 earned income to calculate the Earned Income Tax Credit on their 2020 tax return. Is this true and where in the 1040 can a tax payer make that choice?

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sjrcpa
Level 15
‎02-26-2021 05:49 PM

Not a rumor. Fact.

I don't use ProSeries so can't help with the how.

It has been discussed here many times.


Ex-AllStar
carina aguilera
Level 2
‎02-26-2021 06:02 PM

YES go to EIC worksheet section 5 you will be able to check yes or no 

Just-Lisa-Now-
Level 15
Level 15
‎02-26-2021 06:07 PM

as long as the 2020 earned income is LOWER than 2019

The 2020 AGI will still be in the mix, so if your client has a giant chunk of Unemployment, you may not see much help from the lookback


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