Generally, if you were at least 19 years old, did not have qualifying children, and had earned income, you might qualify for the Earned Income Tax Credit when you file your tax year 2021 tax return. Questions and Answers – Tax Year 2021 Earned Income Tax CreditĪ4. More information about reliance is available. Additionally, prior versions of these FAQs will be maintained on IRS.gov to ensure that taxpayers, who may have relied on a prior version, can locate that version if they later need to do so. Any later updates or modifications to these FAQs will be dated to enable taxpayers to confirm the date on which any changes to the FAQs were made. Nonetheless, a taxpayer who reasonably and in good faith relies on these FAQs will not be subject to a penalty that provides a reasonable cause standard for relief, including a negligence penalty or other accuracy-related penalty, to the extent that reliance results in an underpayment of tax. Similarly, if an FAQ turns out to be an inaccurate statement of the law as applied to a particular taxpayer's case, the law will control the taxpayer's tax liability. Because these FAQs have not been published in the Internal Revenue Bulletin, they will not be relied on or used by the IRS to resolve a case. Accordingly, these FAQs may not address any particular taxpayer's specific facts and circumstances, and they may be updated or modified upon further review. These FAQs are being issued to provide general information to taxpayers and tax professionals as expeditiously as possible. In addition, families can use pre-pandemic income levels to qualify if it results in a larger credit. More people without children now qualify for the Earned Income Tax Credit (EITC), the federal government's largest refundable tax credit for low- to moderate-income families.
This Fact Sheet provides frequently asked questions (FAQs) for Tax Year 2021 Earned Income Tax Credit. Note: These FAQs have been superseded by FAQs that were posted in FS-2022-30 on May 25, 2022.
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