There have been a lot of changes to the tax code, and you’ll see some differences in your 2018 taxes this year as a result. For most people, the changes will be minor.
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Earned Income Tax Credit (EITC) is a benefit for people who have incomes at or under certain levels. This tax credit reduces the total amount of taxes you owe and in many cases, if you qualify you’ll get a larger tax refund.
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Most people are curious about when they will get their tax refund. For those who file and use the EITC for the 2020 tax year, they can expect to get their refund no earlier than the first week of March.
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2018 taxes will look different than years past. The standard deduction doubles and personal exemptions are gone. If you think you may owe taxes, you still have a time to take advantage of opportunities to reduce that burden.
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