How Long Does It Take to Get Your Tax Refund If You Claim EITC or ACTC? Are you wondering when you will receive your tax refund if you claimed the Earned Income Tax Credit (EITC) or the Additional Child Tax Credit (ACTC)? You are not alone. Many taxpayers who are eligible for these credits are […]
Unraveling the Updates: What’s New with Dependents This Year Welcome to a new year, and with it, new rules, and regulations for claiming dependents on your tax returns. The tax laws have changed and you can no longer deduct dependents from your income. However, you may be eligible for new tax credits if you have […]
Do I Need to Submit a Tax Return? Understanding Your Obligations and the Benefits of Filing Even When It’s Not Required Are you wondering whether you need to file your taxes this year? Filing taxes can be a daunting task, but it’s essential to ensure that you’re not missing out on any potential refunds or […]
2023 Updates on Tax Credits for Children and Other Dependents The Child and Other Dependents Tax Credits are two of the most beneficial tax credits for families with children or other dependents. They can reduce your tax liability and increase your refund, depending on your income and filing status. However, these credits have undergone some […]
Is It Better to File Jointly or Separately Filing taxes can be a daunting task, and deciding whether to file jointly or separately can be confusing. This article discusses the pros and cons of each option to help you make an informed decision. Summary Filing jointly may result in a lower tax rate and more […]
Who qualifies as head of household? If you are confused about this tax filing status, read on to know more about the eligibility criteria and benefits. Summary One of the most commonly misunderstood tax filing statuses is the head of household. Head of household is a filing status for individuals who are unmarried or considered […]
The Earned Income Credit (EIC) is a federal tax benefit designed to help low-income working families keep more of their hard-earned money. Learn more about the EIC, including who’s eligible and how to claim it. Are you a low-income worker who’s trying to make ends meet? If so, the Earned Income Credit (EIC) might be […]
Do I Qualify for Earned Income Credit While on Unemployment? Receiving unemployment benefits doesn’t mean you’re automatically ineligible for the Earned Income Credit, but there are other requirements you’ll also need to satisfy to claim the EIC. As the name implies, to be eligible for the Earned Income Credit you must “earn” income such as […]
As you prepare to file your taxes, please keep in mind some helpful tax deductions and credits that may apply to your family. First off, many families filing are a bit confused over what exactly tax deductions and credits are. While… Full Story [WooZoneProducts asin=”B01M740SUA”][/WooZoneProducts]