Tax time is here again, and as some eagerly await the receipt of their W2's and others wish they could hide out until after April there are many different benefits that could help you produce a larger refund or offset some of the money that is owed to the IRS. The earned income tax credit is one such deduction. The EIC is designed for those with lower incomes and in order to qualify for this deduction certain requirements must be met. Anyone wishing to claim this credit must have a valid social security number as well as earned income from employment or self employment. Those wishing to apply must also not be married filing separately and must have a child or be at least 25 and under 65 to qualify. Applicants must also be a U.S. citizen and meet income restrictions. If you meet the qualifications, it is in your best interest to take advantage of this great credit.
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Posted by: mr | April 04, 2012 at 09:15 AM