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Earned Income Tax Credit: If you earned little money last year, you may be able to claim this credit. If you are filing as a single individual with no dependents and made less than $18,591, you ...
You may also experience delays if you claimed the Earned Income Tax Credit or the Additional Child Tax Credit. Under the Protecting Americans from Tax Hikes (PATH) Act of 2015, the IRS is required ...
January 27: This date has been designated Earned Income Tax Credit Awareness Day, which the IRS’s website says is “to raise awareness of valuable tax credits available to many people ...
Adding to the bad news: “If you tend to owe come tax season, you might owe a little bit more in 2023 because you won’t be eligible for as many credits,” NextAdvisor’s Alex Gailey wrote.
On 2021 federal income tax returns, there was no longer an age cap set at 64 or younger for workers to qualify for the earned income tax credit. It was a one-time-only deal that advocates pushed ...
The Earned Income Tax Credit dropped from $1,500 to $560 for taxpayers with no children. The Child and Dependent Care Credit saw a significant drop, returning to $3,000 from the enhanced level of ...