The Earned Income Credit (EIC), also known as the Earned Income Tax Credit (EITC), is designed to help you keep more of your hard earned money. It is a refundable tax credit, meaning you could qualify for a refund even if you ...
The IRS says U.S. taxpayers spend an average of 13 hours reading up on tax rules, gathering paperwork, and filling out their tax forms. And let’s not forget, of course, that taxes are a big expense for most Americans. In ...
As you get ready to file your tax return for 2012, don’t overlook many of the benefits that were ushered in when Congress passed the American Taxpayer Relief Act in early 2013. This act – also known as the so-called ...
Claiming the Earned Income Tax Credit on your 2012 taxes is a great way to lower your federal income tax bill – or even get a tax refund check worth thousands of dollars from the government. The Earned Income Tax ...
Tax season can be stressful for obvious reasons, but one way of making it brighter is receiving a big income tax refund from the government. Those checks can mean a large return if you’ve been overpaying on your tax liability, ...
The IRS wants military personnel and their families to know that they can get tax help free of charge. The no-cost tax help comes courtesy of the Volunteer Income Tax Assistance, or VITA, program. Both the IRS and the U.S. ...
It’s time to get busy filling out your income tax return. Mercifully, you don’t have to pore over thousands of pages of the IRS tax code, nor do you have to pay an expensive accountant in order to get your ...
Claiming a qualified child or dependent on your taxes can potentially provide significant tax benefits. However, it is essential to understand the criteria that must be met to claim someone as a dependent and the necessary steps to do so. ...
