Tag Archive | "earned income credit"

How Does Earned Income Tax Credit Work? Can I Claim EITC?

Saturday, May 22, 2010

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For the tax year 2010, the EITC will be adding a new category to their large list of qualifying US Citizens who may claim this credit. When the amount of the EITC covers any payments that you might owe to the IRS. Some families can qualify for almost 5,000.00 dollars in refunds with the EITC. [...]

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Extra Money: The Earned Income Credit Refund

Thursday, June 25, 2009

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Federal Earned Income Credit [EIC] allowances on United States tax forms are there as a lower income taxpayer relief. The EIC is a tax refund that applies to people between the ages of 25 and 64 years that do not have children, and to all other lower income people that have children living in their [...]

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Earned Income Credit - Who It Is For

Sunday, June 14, 2009

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Earned income credit is a very important tax paying benefit that is extended towards the low-income groups of the country. Earned Income Credit or EIC is essentially an anti-poverty attempt at lowering the tax burden on those who need it the most. The main targets of this anti-poverty measure are families with low income. The [...]

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Earned Income Credit

Monday, May 25, 2009

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Earned income credit is a very important tax paying benefit that is extended towards the low-income groups of the country. Earned Income Credit or EIC is essentially an anti-poverty attempt at lowering the tax burden on those who need it the most. The main targets of this anti-poverty measure are families with low income. The [...]

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Who Must File a Tax Return

Thursday, December 18, 2008

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If you are a US citizen, you must file for income tax return if your income is above certain levels. Other factors such as age and type of income you receive are also taken into consideration. If you are unsure as to whether you are required to file for income tax return, you can find [...]

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