Tag Archives: Earned Income Tax Credit

Earned Income Tax Credit-Get It Right

If you are one of many Americans who earn a low to moderate income, you may be eligible for a tax credit that can increase your tax refund. This credit is known as the Earned Income Tax Credit, or more … Continue reading

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Claiming EITC or ACTC? Your Refund May Be Delayed

If you are one of the millions who plan to claim the Earned Income Tax Credit or the Additional Child Tax Credit, there are some things that are important to know. Regardless of when you file your taxes, the IRS … Continue reading

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Working Grandparents May Be Eligible for EITC

The following article was published by the IRS. The Internal Revenue Service wants working grandparents raising grandchildren to be aware of the Earned Income Tax Credit (EITC) and correctly claim it if they qualify. The EITC is a federal income … Continue reading

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In 2017, Some Tax Benefits Increase Slightly Due to Inflation Adjustments, Others Are Unchanged

The following article was published by the IRS. The Internal Revenue Service recently announced the tax year 2017 annual inflation adjustments for more than 50 tax provisions, including the tax rate schedules, and other tax changes. Revenue Procedure 2016-55 provides … Continue reading

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Military Tax Tips

Special tax benefits apply to members of the Armed Forces. You may be eligible for a combat zone exclusion, meaning that some or all of your combat pay could be tax-free. You could also get the exclusion if you’re hospitalized … Continue reading

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Special Tax Considerations for Disabled Veterans

May is Military Appreciation Month, a time for Americans to honor the current and former members of the armed forces, including those who have died in the pursuit of freedom and peace. The IRS is committed to providing assistance to … Continue reading

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Five Key Facts about Unemployment Benefits

The following article was published by the IRS. If you lose your job, you may qualify for unemployment benefits. The payments may serve as much needed relief. But did you know unemployment benefits are taxable? Here are five key facts … Continue reading

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