6 Tax Breaks for the 2016 to 2017 Tax Filing Season
It is almost that time of year again….tax season! We have compiled a list of six tax breaks for the 2016-2017 tax season that will lower your taxes due and… Read more »
Tag: EITC
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 »
2014 Earned Income Tax credit (EITC)
[2014 EIC Update] The IRS has released 2014 Earned Income Tax credit (EITC) details which are shown in the table below. There have been some minor increases to the EITC amount and qualifying… Read more »
2013 Tax Changes, Credits and Impacts You Need to Be Aware of When Filing Your Tax Return in 2014
[Updated for 2013-2014 tax filing season] Thanks to the so called fiscal cliff deal reached last year there were a number of impacts to taxes in 2013 which you need… Read more »
2012 Personal Exemption, Standard Deduction, EITC and Foreign Earnings Deduction Change
With the 2011 tax filing deadline past (unless you filed for an extension) it’s a good time to remind yourself about some key 2012 tax changes. You can see the… Read more »
Obama’s 2013 Budget Review – Tax Cuts, Job Stimulus and Small Business Credits
The Treasury recently released their Greenbook on President Obama’s 2013 budget proposal. The Greenbook explains the Administration’s revenue proposals included in the budget that seek to boost near-term growth; provide… Read more »
The Most Overlooked Tax Deductions You Can Claim This Year
The folks at Turbo Tax have provided a list of the most overlooked deductions that may save you a few bucks when filing your tax return this year: 1. State… Read more »
2012 Poverty Guidelines, Thresholds and Income Limits – Nearly 50 Million Americans in Poverty
[Updated with 2012 federal poverty levels] 2012 poverty income levels have now been published. As discussed below, poverty guidelines and thresholds are two slightly different versions of the federal poverty measure. The poverty thresholds… Read more »
2018 Earned Income Tax Credit (EITC) Qualification and Income Thresholds
Below are the EITC tables for the past few years. These are adjusted annually in line with inflation and other government mandates. The EITC supplements the wages of low income… Read more »