Join us in making the 15th annual Awareness Day as successful as last year’s. We partnered with more than 1,500 supporters with a combined social reach of over 2 million. And, partners sponsored over nearly 220 live events and other activities such as news releases and articles for EITC Awareness Day. With your help, we want to even make it bigger… Continue reading Join us for EITC Awareness Day on Friday, January 29, 2021
Category: Earned Income Tax Credit
Find the latest updates and information about the Earned Income Tax Credit here!
It’s Earned Income Tax Credit (EITC) Awareness Day!
The Internal Revenue Service and its partners nationwide remind taxpayers about the Earned Income Tax Credit on January 31, 2020, “EITC Awareness Day.” This is the 14th year of the EITC awareness campaign that alerts millions of workers to this significant tax credit. “The EITC is a vital tax credit that helps millions of hard-working working… Continue reading It’s Earned Income Tax Credit (EITC) Awareness Day!
Refund Timing for Earned Income Tax Credit and Additional Child Tax Credit Filers
Taxpayers who claim the Earned Income Tax Credit or the Additional Child Tax Credit may experience a refund hold. According to the Protecting Americans from Tax Hikes (PATH) Act, the IRS cannot issue these refunds before mid-February. The IRS expects the first EITC/ACTC related refunds to be available in taxpayer bank accounts or on debit… Continue reading Refund Timing for Earned Income Tax Credit and Additional Child Tax Credit Filers
What you should know about the Earned Income Tax Credit
The Earned Income Tax Credit (EITC) is an income tax credit given to low- and moderate-income workers through filing a tax return. It is a refundable tax credit, meaning that you will receive it if you are eligible even if you don’t have any tax liability. When you file your 2019 taxes next year, you could… Continue reading What you should know about the Earned Income Tax Credit
Earned Income Credit – How Does It Work?
The earned income credit (EIC) is one of the most beneficial credits for individuals with children or those that are low income. Created in 1975 as an incentive for people to work, this credit potentially translates to huge tax savings. As with many other credits, you may not claim the earned income credit (EIC), also… Continue reading Earned Income Credit – How Does It Work?
Earned Income Tax Credit And Child Tax Credit – What Changed
Are you planning on claiming the Earned Income Tax Credit (EITC) or the Child Tax Credit (CTC) on your federal tax return this year? If yes, then you should know some things have changed since last year. Child Tax Credit The first thing you need to be aware of is that the Tax Cuts and… Continue reading Earned Income Tax Credit And Child Tax Credit – What Changed
Don’t Miss Out on Claiming the Earned Income Tax Credit This Year
The Earned Income Tax Credit (EITC) is a refundable tax credit given to taxpayers that earn a low-to-moderate income from a job or through self-employment. According to the IRS, around 25 million eligible filers received this credit in 2020 and the average EITC was approximately $2,461. However, many eligible taxpayers are missing out on this… Continue reading Don’t Miss Out on Claiming the Earned Income Tax Credit This Year
What Should You Do If Someone Claims Your Children On Their Tax Return?
No matter how hard you try to safeguard personal information, there is still a chance that someone could steal or otherwise misuse your dependent’s Social Security number. Often, the use of another taxpayer’s Social Security number is a mistake resulting from another filer transposing the numbers during filing, but it can also be the result… Continue reading What Should You Do If Someone Claims Your Children On Their Tax Return?
Can You Claim a Baby Who Was Just Born on Your Taxes?
A lot of things change when you have a child. One of those things is your income tax regarding the deductions and credits you get. You can claim a baby who was just born on your taxes. To get the maximum tax benefit, get clued in on what steps to take and what deductions and… Continue reading Can You Claim a Baby Who Was Just Born on Your Taxes?
Can My Boyfriend Claim My Child on His Taxes?
Everybody loves tax exemptions. They reduce the amount of your taxable income, which affects the amount of taxes you pay. You can take a personal exemption for yourself, and you get an exemption for each of your dependents. In some cases, you might qualify as your boyfriend’s dependent. He might even be able to claim… Continue reading Can My Boyfriend Claim My Child on His Taxes?