What are Tax Credits and how can they help me?
If you’re like millions of Americans, you work hard, but you don’t earn a high income, and want to keep more of what you earn. The Earned Income Tax Credit (EITC) is a credit for people who earn low-to-moderate incomes; EITC can reduce your taxes, and can mean a refund. In simple terms, working families and individuals may keep more of what they work for.
The advance EITC allows those taxpayers who expect to qualify for the Earned Income Tax Credit (EITC) and have at least one qualifying child to receive part of the credit in each paycheck during the year the taxpayer qualifies for the credit.
|
