Earned Income Tax Credit
Geared primarily towards low-to-middle income, working individuals and families, the Earned Income Tax Credit (EITC) is a federal benefit able to provide relief to those who meet specific criteria, by reducing the amount of tax owed and by increasing the amount of tax monies refunded, as determined after filing. Both single and married people can benefit from EITC, regardless of whether or not they have children or other dependents.
Baker wants to use the money that would be saved to double the state’s earned income tax credit that goes to low-income working families.
Don’t miss out on some valuable tax credits and deductions. Here are a few of the most commonly missed credits, which could end up saving you a bundle.
January 31, 2015 Tax season is here! Now before you file your taxes, we want to give you some important information you should know about! On this edition of Centro, we tell you about a […]
February 16, 2013 It’s that time of year again – tax filing season! If you haven’t filed your income tax return yet, that’s actually a good thing! On this edition of Centro, we’ll tell you […]
Mitt Romney, if you want to talk about mooches and freeloaders that take advantage of the system then grow a spine and show America your tax returns. Let’s see what you really pay as a percentage. Let’s see what deductions you take. Let’s see how addicted to federal benefits you are.
The recently released tape of Romney speaking to donors at a closed door fundraiser has exposed Mitt Romney to, in fact, be the person Democrats have portrayed him to be: a rich, out of touch, arrogant man that has no respect or connection to the American middle class and absolutely no interest in making the American middle class stronger.
March 17, 2012 If you haven’t filed your income tax returns this year, here is some important information you should know before you do so! On this edition of “Centro”, we’ll talk about a program […]
A majority of taxpayers are eligible to prepare and file the 2011 federal tax return online for free.
Many lower and middle income families may be eligible for an Earned Income Tax Credit, but not know it.