What Is A Qualifying Child For The Earned Income Credit (EIC) In 2021?

To count as a qualifying child for EIC, your child must have a valid Social Security number (not an ITIN).

 

The Secrets Of The Earned Income Credit (EIC)

  1. Be your child (including legally adopted), stepchild, eligible foster child, sibling, half-sibling, step-sibling, or a descendant of any of them (for example, your grandchild or niece)
  2. Be permanently and totally disabled or under the age of 19 as of December 31, 2020 (under 24 if a full-time student) and younger than you (or your spouse, if filing jointly).
  3. Have lived with you (or your spouse, if filing jointly) for more than half the year in the United States (unless you were in the military)
  4. Not file jointly with their spouse unless they weren’t required to file, but did so anyway to claim a tax refund.

For more information, Visit our office to talk to our Generational wealth specialist.

 

Leave a comment

Your email address will not be published.