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...

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...

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...

Before filing your return, review it to make sure it is correct and complete. The following checklist may help you avoid errors: Did you use the peel–off label and enter any corrections? If you used...

Every year, you have to file tax returns and every year there are changes to the tax code. Here are some key changes for 2005 to keep in mind when you prepare returns. Tax Changes You Should Know for 2005...

The Earned Income Tax Credit ("EIC" or "EITC") and the Child Tax Credit are federal income tax benefits for working individuals and families. For tax year 2004 these credits have become even more accessible...

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,...

Other than fitting the description of a constant liability, what other qualifying attributes must one have, to be classed as a dependent, and how do you determine this for tax purposes? The following paragraphs...

If you paid someone to care for a child so you could work, you may be able claim a tax credit for child and dependent care expenses on your federal income tax return. This credit is available to people...

There are several opportunities still available to legitimately keep as much away from Uncle Sams grasp as possible. You just have to know how what youre doing, and it helps to stay on top of things,...

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...

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...

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...

Excerpted from the new book, “How to Do Space Age Work with a Stone Age Brain” TM Every year American companies lose millions of dollars in productivity to employees who end up taking their own personal...

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...