The IRS has released updated guidance regarding the 2021 Earned Income Tax Credit (EITC).
Taxpayers should be aware the new guidance states that 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, even if they did not have any earned income in 2021.
This guidance supersedes information provided previously, including in the Division's Advisory 2022-11.
