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What Is Earned Income Tax Credit?

By Multima$tery 18 Comments

Earned Income Tax Credit (EITC)

  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?

Filed Under: Business Taxes, Personal Taxes Tagged With: earned income credit, Earned income tax credit, EIC, EITC, tax credits, taxes, what is earned income tax credit, what is EITC

Infographic: Tax Deductions Checklist

By Multima$tery Leave a Comment

There are many tax deductions that people miss out on during tax season. The following infographic is a visual checklist to highlight tax deductions & credits that you may be eligible for. Note: Although this chart is dated 2012, many of the deductions still remain valid for the 2016 tax season. (Click to Enlarge) … [Read more...] about Infographic: Tax Deductions Checklist

Filed Under: Personal Taxes Tagged With: Tax, tax checklist, tax credits, tax deductions, taxes

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