There are three major changes to the Earned Income Tax Credit (EITC) that taxpayers should be aware of.
The income threshold has been increased for single filers without children:
If you filed last year and your income was just above the limit to claim this credit, be aware that the income threshold has increased and you may now be eligible for this credit this year.
Married taxpayers declaring separately may be eligible:
It is possible to claim the EITC as «married filing separately» if you meet other requirements. In previous years, this was not available for these taxpayers.
The look-back option can help you qualify:
If your income in 2019 is greater than your income in 2021, [the look-back option]…using that 2019 income allows you to claim a higher earned income tax credit.
