Tag: EIC

2017, 2016 and 2015 Earned Income Tax Credit (EIC) Qualification Income Limits

[Updated] Below are the final IRS published 2016 and 2017 Earned Income Tax credit (EITC) figures. You can reference IRS publication 596 or use online tax providers like TurboTax or H&R Block to get a free… Read more »

2020 vs 2019 Federal IRS Tax Brackets, Tax Rates and Standard Deduction Updates

[Updated with 2020 Tax Brackets] Below are the official 2020 IRS tax brackets. Note that the updated tax rates and brackets would only apply for the 2020 tax year (filed… Read more »

2014 IRS Tax Brackets and Rates With Standard Deduction and Personal Exemption Updates

Below are the 2014 IRS federal tax brackets based on annual inflation adjustments. Given the low inflation environment there were only moderate increases in tax brackets, standard deductions and to the personal… Read more »