Earned Income Tax Credit (otherwise known as EITC) is a credit for designed for low to moderate income citizens. A tax credit reduces the taxes you own and could also qualify you for a refund. In order to even have a chance at getting this tax credit, you must file a tax return even if you don't owe the IRS a dime - and even if you're not required to file. The IRS will not come to your door saying "Hey, you've got money!"... Nope, you have to claim it. If you don't ask, you don't … [Read more...] about What Is Earned Income Tax Credit?
Earned income tax credit
How much money do you have to make to file taxes?... What is the minimum income to file taxes?... These types of common tax questions have been asked over & over again on search engines and message boards all across the web. It's a Good Question with Multiple Answers. Read on... This article is for US taxes. The requirements will vary depending on 3 Major Factors: Your Age, Filing Status, and Type of Income You Receive. For example: At the end of 2016, if you were single and under … [Read more...] about How Much Money Do You Have to Make to File Taxes? (2016 Tax Return)