The Earned Income Tax Credit or the EITC is a refundable federal income tax credit for low to moderate income working individuals and families.
Congress originally approved the tax credit legislation in 1975 in part to offset the burden of social security taxes and to provide an incentive to work. When the EITC exceeds the amount of taxes owed, it results in a tax refund to those who claim and qualify for the credit.
To qualify, taxpayers must meet certain requirements and file a tax return, even if they did not earn enough money to be obligated to file a tax return.
Determine if you are eligible for the Earned Income Tax Credit.
Even if you are an eligible individual, whether you can claim the credit also depends on your filing status and income level.....
I will provide more info soon...
The topic is: Earned Income Tax Credit
You just read a reply to Msg 67
Posted by Simon on 1/13/09 10:35 AM
Twitter
Facebook
More
REPLY to Simon or start a
NEW Topic
Page 2 of 2, read them all...
First Last
< Previous Page Next Topic >
< Previous Topic | Topic List | Recent Posts | Archives | Next Topic >