By Admin on January 30, 2010
An expanded Earned Income Tax Credit (EITC) means larger families will qualify for a larger credit, offering greater relief for people who struggled through difficult financial times last year, the Internal Revenue Service said today.
Posted in Earned Income Credit | Tagged children, Credit, Earned, earned income tax credit, EIC, EITC, Income, qualifying, tax
By Admin on January 15, 2010
Here is 2009 Publication 596 – Earned Income Credit. The 2009 EIC Table begins on page 46 of the document. You can read it online here or optionally download it to your computer at the bottom of the page. Be sure to read through some of the new Earned Income Credit changes before going straight to the 2009 EIC chart. This is the 2010 EIC chart for filing your 2009 taxes.
Posted in Earned Income Credit, Tax News | Tagged 2009, 2009 EIC chart, 2009 EIC Table, 2010, 2010 EIC chart, EIC chart, EIC table, Publication 596
By Admin on January 15, 2010
Do you have children? Having children or students enrolled in higher education will most likely change your tax situation. Below you will find 10 things you should consider before filing your taxes.
Posted in Earned Income Credit, Student Tax Tips, Tax News | Tagged Adoption Credit, Child and Dependent Care Credit, child tax credit, Children with Earned Income
By Admin on December 29, 2009
The IRS estimates that 70 percent of all taxpayers (about 98 million taxpayers) will be eligible to file taxes online for free this year!
Only 4.8 million tax returns were filed through Free File last year, an increase of 24 percent over the previous year’s total of nearly 3.9 million returns, but still way below the number of people who are eligible to file taxes online for free!
Posted in Earned Income Credit, Tax News | Tagged file taxes online for free, File Taxes Online Free, Free File, free tax filing
By Admin on December 28, 2009
You may claim the EIC if you answer “Yes” to all the following questions.
Posted in Earned Income Credit | Tagged Checklist, EIC Eligibility
By Admin on December 22, 2009
A qualifying child for the EIC is a child who is your…
Son, daughter, stepchild, foster child, brother, sister, stepbrother, stepsister, or a descendant of any of them (for example, your grandchild, niece, or nephew)
AND…
Posted in Earned Income Credit, Tax News | Tagged Earned Income Credit, EIC, qualifying child, schedule eic, W-5
By Admin on November 17, 2009
New for tax year 2009, is the additional EITC and income thresholds for a Third Qualifying Child and Changes to the Uniform Definition of a Child The change in the Uniform Definition of a Child adds two new rules to the definition of a “qualifying child.”
Posted in Earned Income Credit | Tagged 2009, Earned Income Credit, EIC chart, EIC table, Third Qualifying Child
By Admin on December 18, 2008
Here are the changes to the Earned Income Credit for 2008.
The maximum amount of the Earned Income Credit (EIC) has increased. The most you can get is:
$2,917 if you have one qualifying child
$4,824 if you have more than one qualifying child or
$438 if you do not have a qualifying child.
The maximum amount of income [...]
Posted in Earned Income Credit | Tagged 2008, AGI, combat pay, Earned Income Credit, EIC, EIC chart