What Is Earned Income Tax Credit (EITC)?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.
Lawmakers Hear Pros, Cons Of Continuing Film Tax CreditBaker 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.
Best Tax Credits And Deductions Everyone Should Know AboutDon'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.
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Opinion: Romney Denigrates 47% Not Paying Taxes As He Uses Loopholes Trying To Do The SameMitt 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.
Opinion: Romney's 47% Don't Pay Taxes Remark Shows He's Exactly Who We Thought He WasThe 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.
EITC: File Your Taxes for Free and Get a Bigger Refund
T’is The Season: Free E-FilingA majority of taxpayers are eligible to prepare and file the 2011 federal tax return online for free.
Mass. Residents Urged To Claim Tax CreditMany lower and middle income families may be eligible for an Earned Income Tax Credit, but not know it.
Something You Should Know Before Filing Your Taxes