FREE MONEY/EARNED INCOME CREDIT (EIC)
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The Earned Income Tax Credit (EITC)


This is free money for workers (you must work)  who meet certain requirements and file a tax return.   It can be used to pay your income tax or refunded to you.

Persons with or without a qualifying child may claim the Earned Income Tax Credit

For tax year 2005, the maximum amount is $2,747 for persons with one qualifying child.
 
For tax year 2005, the maximum amount is $4,536 for persons with two or more qualifying children.

The maximum credit is $412 for persons without a qualifying child. 

The exact amount you get is dependent upon your Earned Income.  Call for FREE Phone Quote. 

 


  • Earned Income Credit Details
    The earned income credit, or EIC, is a refundable credit for workers who meet certain requirements and file a tax return. Persons with or without a qualifying child may claim the EIC. For tax year 2005,...
  • Earned Income Tax Credit: Qualifying Child Rules
    My child was born and only lived 40 minutes. Can she be used as a qualifying child when figuring the Earned Income Credit and the Child Tax Credit? If your child was born alive and died during the same...
  • Advance Earned Income Credit
    If you expect to qualify for the earned income credit in 2005, you may be able to start getting part of the credit with your pay now, instead of waiting until you file your 2005 tax return in 2006. This...
  • Five Smart Ways to Spend Your Tax Refund
    The IRS estimates that the average refund for this year will be close to $2,000. This has many Americans across the country struggling with the decision of whether to buy a vacation package to the Caribbean...
  • Earned income tax credit sometimes missed
    Only about 80 percent of taxpayers eligible for the IRS Earned Income Tax Credit receive it, according to the IRS. "This credit is too valuable to overlook," said an IRS spokesman. "If you think you might...
  • Understanding the Three Different Types of Income
    Part of learning to become financially free is to begin to understand that there are three different types of income. They are: capital gains, passive income, and earned income. They are the three types...
  • Are You Eligible For Any Of These Tax Credits?
    Taxpayers should consider claiming tax credits for which they might be eligible when completing their federal income tax returns. A tax credit is a dollar-for-dollar reduction of taxes owed. Some credits...
  • Earned Income Tax Credit
    Filing Status If I moved out of my house on July 10, but was not divorced at the end of the year, can I file as head of household and take the earned income credit if I have a minor child? Can I also...

  • Earned Income Tax Credit: Qualifying Child Rules
    My child was born and only lived 40 minutes. Can she be used as a qualifying child when figuring the Earned Income Credit and the Child Tax Credit? If your child was born alive and died during the same...
  • Earned Income Tax Credit
    Filing Status If I moved out of my house on July 10, but was not divorced at the end of the year, can I file as head of household and take the earned income credit if I have a minor child? Can I also...
  • Earned income tax credit sometimes missed
    Only about 80 percent of taxpayers eligible for the IRS Earned Income Tax Credit receive it, according to the IRS. "This credit is too valuable to overlook," said an IRS spokesman. "If you think you might...
  • Advance Earned Income Credit
    If you expect to qualify for the earned income credit in 2005, you may be able to start getting part of the credit with your pay now, instead of waiting until you file your 2005 tax return in 2006. This...
  • Earned Income Credit Details
    The earned income credit, or EIC, is a refundable credit for workers who meet certain requirements and file a tax return. Persons with or without a qualifying child may claim the EIC. For tax year 2005,...
  • Five Smart Ways to Spend Your Tax Refund
    The IRS estimates that the average refund for this year will be close to $2,000. This has many Americans across the country struggling with the decision of whether to buy a vacation package to the Caribbean...
  • Understanding the Three Different Types of Income
    Part of learning to become financially free is to begin to understand that there are three different types of income. They are: capital gains, passive income, and earned income. They are the three types...
  • Are You Eligible For Any Of These Tax Credits?
    Taxpayers should consider claiming tax credits for which they might be eligible when completing their federal income tax returns. A tax credit is a dollar-for-dollar reduction of taxes owed. Some credits...

 

 

 

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