TY2021: EITC UPDATE RELATED TO “SPECIFIED STUDENTS”
New for TY2021, the IRS adjusted the age requirement for a taxpayer with no qualifying child when determining EITC eligibility as it relates to students. A taxpayer that is considered a “specified student” must be age 24 before they are eligible to receive EITC with no qualifying child.
Within the Personal Information of the application, making the highlighted selection shown below will not allow EITC unless the taxpayer, identified as a specified student, is at least age 24 and meets other EITC qualifications. You should refer to IRS guidance on how to make the appropriate vetting process to make the determination if the selection should be checked or not.
You can utilize the built-in filters to narrow your taxpayer results to those born no later than 1998 (under age 24) and who have AGI less than the EITC threshold for taxpayers with a filing status of Single.
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