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Tax Tip
Four Credits That Can Pay You At Tax Time!- The Earned Income Credit is a refundable credit for certain people who work (have earned income). Income, age and the number of qualifying children determine eligibility and credit amount. The EITC not only can reduce your tax due, but actually be refunded to you.
- The Child & Dependent Care Credit is for expenses paid for the care of your qualifying children under age 13, or for a disabled spouse or dependent, to enable you to work or look for work.
- The Child Tax Credit is for people who have a qualifying child. The maximum amount of the credit is $1,000 for each qualifying child. This credit can be claimed in addition to the credit for child and dependent care expenses.
- The Retirement Savings Contributions Credit, also known as the Saver's Credit, is designed to help low-to-moderate income workers save for retirement. You may qualify if your income is below a certain limit and you contribute to an IRA or workplace retirement plan, such as a 401(k) plan. The Saver's Credit is available in addition to any other tax savings that apply.
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April's Blog
 Have you been checking my blog for news, tax information, and other interesting articles? I don't write very much, but keep an eye on the page because when I do have something to say, it's definitely worth a read! Read now...
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IRS Headlines
 Looking to donate to relief efforts in Japan? The IRS says to be careful about the organizations that you choose to give to. Read more at irs.gov.
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