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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For some families, elder care or child care expenses can come on quite suddenly and take more out of the family budget than the rent or mortgage payment. While everyone’s situation varies, the Child/Dependent tax credit offers some relief. It’s important to understand how this tax credit helps...
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