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.
Small Business Tax Tips: Are You Filing The Correct Forms?It’s easy to make a mistake on your taxes, especially if you are a new business owner or running a small business. Before you file, dot your i’s and cross your t’s by making sure to use the correct tax forms.
What Are Coverdell Education Savings Accounts?An ESA is another savings program for educational expenses which can be set up for kids under 18 years of age. The annual contribution limit is $2,000 per child.
Plenty Of Changes For Tax Filers This YearExperts recommend using some type of guidance to navigate forms and maximize your returns.
As The Tax Man Cometh, Tips For Getting ReadyThe IRS expects 75 percent of all 2012 returns will get a refund, so if you haven't started preparing your taxes yet, do it.
Get a Bigger Refund from the IRS
I-Team: Stolen Tax Refunds On The Rise In Mass. The I-Team has learned Massachusetts is one of the areas of greatest concern. We’ve been told gangs based in the Lawrence area with links to the Dominican Republic are very active in this area.
What Are Coverdell Education Savings Accounts?When ESA's were created they were named Educational IRAs and limited to a $500 contribution. With a name change they became the Coverdell Education Savings Accounts.
When Are You Legally Obligated To Give Someone Your Social Security Number?Must I provide a Social Security number to any business or government agency that asks?
Saving For College: Coverdell Education Savings Accounts Aka ESAsThese were the Educational IRAs that had a name that made no sense.