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.
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.
Families 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.
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.
A newly released survey indicates more children in New Jersey are living in families that cannot make ends meet.
By Jim Donovan: The Internal Revenue Service wil open it’s Philadelphia Taxpayer Assistance Center on Saturday, January 29 and February 5, 2011 from 9:00 a.m. till 2:00 p.m. The Taxpayer Assistance Center is located at […]
The 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.