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 Credit, commonly called the EITC, is a refundable tax credit provided to low-to-moderate income individuals …
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, but it’s usually up to the taxpayer to seek out all of the possible ways …
How to Know If You’re Eligible for the Earned Income Tax Credit Read More »
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 taxes done by the April tax filing deadline. If you are a low-moderate income earner, …
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. This article will discuss how to claim a qualified child or dependent on your taxes. …
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