Think you can claim the Earned Income Tax Credit for having a disabled child? You may need to think again. Tax law says you can only claim the EITC for a disabled child if s/he's disabled for more than 12 months. However, the caregiver of a disabled child may qualify for a smaller credit just for [...]
The IRS conducts audits by mail to verify a taxpayer's eligibility for child-based refundable credits, such as the Earned Income Tax Credit. Typically the IRS holds the refund until the audit is complete. For Earned Income Tax Credit audits, you'll usually need to provide documentation verifying your relationship to the children claimed and that they lived [...]
Millions of workers qualify for the Earned Income Tax Credit for the first time due to changes like the birth of a child. Visit IRS.gov/eitc for more details.
If you work and have low to moderate income, be sure to look into the earned income tax credit - also known as EITC. It can put money in your pocket. The first thing to do is check out IRS.gov/eitc. There, you'll discover the credit can be worth thousands of dollars for some people. The amount [...]
Many workers with low-to-moderate income may be eligible for the Earned Income Tax Credit, also called EITC. To get the credit, you must meet some basic requirements, but if you qualify, it can mean a bigger refund. The amount of the credit you can get depends on your income and family size. Families with at least [...]
