Tag: Income

What is the Earned Income Credit (EIC) and How to Qualify

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The Earned Income Tax Credit, also known as the EIC and EITC, is a tax credit for individuals who only make an annual income that is considered low or moderate. Your filing status and your income determine the amount of the credit.

If you are able to qualify for the credit your federal taxes will Read the rest

How Your IRS Income Tax Refund is Calculated

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Many US taxpayers look forward to receiving their tax refunds during the tax season. However, if you have never prepared your own tax return, it can be mysterious as to how the refund amount you receive is determined. The good news is the process is easy.

Once your taxable income has been determined, a tax Read the rest

When to Expect Income Tax Refunds

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One of the top questions that taxpayer’s research from the middle of February until April 15 is when they will receive their income tax refund. This answer depends on a few things; however, the good news is there are numerous tools that can assist you with an estimation date.Tax Refund - Red Button

First, if you file your tax … Read the rest