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March 10, 2022
Question

Can I use my 2019 income for my tax credit if I am drawing Social Security?

  • March 10, 2022
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Can I use my 2019 income for an increased Tax credit, if I am drawing Social Security?

1 reply

March 10, 2022

Yes, if you are using it for the earned income tax credit (EITC).

  • Yes. For 2021, eligible taxpayers can choose to figure the Earned Income Tax Credit using their 2019 earned income if it was higher than their 2021 earned income. In certain instances, this option will result in a larger credit.
  • IRS EITC FAQs (question 15)
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