The Earned Income Tax Credit: Often Missed
- Jan 29, 2016
- 1 min read
The Earned Income Tax Credit has helped workers with low and moderate incomes get a tax break for 40 years. Yet, one out of every five eligible workers fails to claim it. Here are some things you should know about this valuable credit:
Review Your Eligibility. If you worked and earned under $53,267, you may qualify for EITC. If your income or family situation has changed, you should review the EITC eligibility rules. You might qualify for EITC this year even if you didn’t in the past. If you qualify for EITC you must file a federal income tax return and claim the credit to get it. This is true even if you are not otherwise required to file a tax return.
Call Terena Meador today @ Tee's Bookkeeping Svc. (540)505-4200. www.facebook.com/teestaxes
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