Tag Archives: Earned Income Tax Credit

Errors on your tax return happen, and generally they delay your refund. When the mistake is made while claiming the Earned Income Tax Credit, you can expect to wait a little longer to receive that part of your tax refund, even extending into months-long delays. In some cases, errors on the EITC portion of your […]

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The Earned Income Tax Credit is refundable, allowing eligible low to moderate income workers the opportunity to reduce their taxable income. If its reduced below zero, the taxpayer may receive a refund of the excess amount of the credit. The credit is adjusted each year to account for the cost of living, as well as […]

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Taxpayers who earn low to moderate income may find some relief at tax time with the Earned Income Tax Credit (EITC), a refundable credit that seeks to help working families. The EITC works by reducing the amount of taxes you have to pay, and even if you don’t have any tax liability, you may receive […]

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Taxpayers who claim deductions typically understand that they have to be able to prove that they qualify for the deduction. For example, you know if you claim business expenses, charity gifts, or other costs for deduction, that you’ll need to supply documents such as receipts, cancelled checks, or bank statements in the event of an […]

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Not only parents qualify for the EITC

It’s nice to work hard and get a bit of a break at tax time. The Earned Income Tax Credit (EITC) does exactly that for workers who earn a lower income, giving back some of the taxes these workers paid. It’s refundable, so eligible taxpayers without a tax liability can receive money back from the […]

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If you’re disabled, you may be able to find a benefit at tax time with the Earned Income Tax Credit (EITC). eTax.com can help taxpayers with disabilities and parents who have disabled children determine if they qualify for the EITC. Disabled taxpayers may worry that taking the EITC and receiving a refund may disqualify them […]

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In the Garden State, working families have the opportunity to claim a state version of the Earned Income Tax Credit (EITC), which seeks to put more money back into the taxpayer’s hands. Along with twenty-four other states and the District of Columbia, New Jersey enacted the EITC and modeled the state credit after the federal […]

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The Earned Income Tax Credit (EITC) is one way that taxpayers can get back more of their hard earned money come tax time. Nebraska offers a state version of the credit, which is modeled similarly to the federal credit, as far as eligibility requirements go. A Nebraska taxpayer who qualified for the federal credit will […]

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Refundable Credits For Those Who File

Although most Americans are required to file a tax return, there are cases where some taxpayers aren’t required to file. However, it may be in your best interest to file, even if you don’t necessarily have to. If you made estimated tax payments or had federal income tax withheld from your paycheck, you may be […]

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Earned Income Tax Credit: Rule 15

Once you’ve passed all the other requirements to claim the Earned Income Tax Credit, including understanding what counts as earned income, all that’s left is to understand the income limits. The limitations increase each year, and are dependent on the number of qualifying children and your filing status. For 2015 the Earned Income Tax Credit […]

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