Each year billions of dollars are distributed to millions of low-income working families in America, to help them make ends meet. This is called a refundable credit, which means you don’t have to first pay in taxes to qualify. To qualify for the Earned Income Credit you must: Have a valid Social Security Number. You ...
Getting audited by the IRS is stressful, to say the least. You follow the rules for filing your taxes, and you even take a second and third look a them. You stress that you may not have done it right. You get the letter that they have been accepted, only to get part of your ...
When you are preparing to file your federal income tax return this year you may realize that you didn’t file a tax return last year, or in previous years. There are different reasons taxpayers don’t file a return. They may have thought they were not required to file a return; they may have meant to ...
The Earned Income Tax Credit is not a refund of tax monies paid by a taxpayer, but rather a credit for low to moderate income families with dependent children. This credit can be claimed during tax preparation and the funds added to any refund that is owed to the taxpayer. It also can offset payroll ...
