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.
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.
Area Community Organizations Offering Free Tax Filing Help For Low-Income ResidentsFamilies earning $53,000 or less and individuals earning $20,000 or less will qualify for the free tax prep service at one of 30 sites in Philadelphia and South Jersey.
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.
New Jersey's Annual 'Kids Count' Report Shows No Signs Of Economic ImprovementA newly released survey indicates more children in New Jersey are living in families that cannot make ends meet.
BLOG: Weekend Tax Help From The IRS
Philadelphia Taxpayer Center Extends Hours To Assist Local FamiliesThe Internal Revenue Service will extend the hours of its Philadelphia Taxpayer Assistance Center in an effort to expand service to local taxpayers who are eligible for the Earned Income Tax Credit.