Below are solutions to frequently asked questions about generating the Earned Income Credit (EIC) in the Individual module of Lacerte. Refer to IRS Pub. 596 for more information about the Earned Income Credit.
Starting in tax year 2022:
- In order to qualify for any amount of the Earned Income Credit, if the taxpayer doesn’t have a qualifying child, they must be 25-64 years old at the end of the year.
- If filing MFJ, only one spouse needs to meet the age requirement.