We're Pushing to Make Tax Credit for Older Adults Permanent
By Andrew Soergel, April 19, 2022 03:16 PM
A bit of good news: For the first time, many workers age 65 and older may be able to claim the earned income tax credit (EITC) this year. The age cap for people age 65 and up and was lifted in last year’s American Rescue Plan. “Older workers have been hard hit by the pandemic, and we’re delighted that now people age 65 and older are eligible to receive the EITC for the first time,” Lisa Marsh Ryerson, president of AARP Foundation, said Tuesday at a White House event related to the new tax credit.
We’re pushing to make it permanent. Congress only lifted the age cap for the 2021 tax year; it won’t be available to older adults in subsequent years unless Congress takes action. Read more about the earned income tax credit and our push to make it permanent.
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