Tag: <span>EITC</span>

Income Lookback Rule no Longer Available For Tax Filings

During the COVID pandemic years of 2020 and 2021, the American Rescue Plan (ARPA) included legislation that provided a “lookback” rule that allowed tax filers to use prior year income levels to calculate qualification for many of the expanded tax credits and stimulus programs. This was done to allow the…

IRS tax refund 2022 and Why You May Not Be Getting Your Tax Refund Anytime Soon – System Processing and Payment Delays

5 reasons your tax refund will be delayed

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 increase the amount of your refund. The first topic is Earned Income Credit (EIC). The rules on this can be…

Earned Income Tax Credit (EIC) Qualification Income Limits

You can see the latest EIC tables in this updated Earned Income Tax credit (EITC) page [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 estimate of the specific…

Earned Income Tax credit (EITC) Updates and News

See this article for the latest Earned Income Credit tables - including eligibility expansions and refund delays (due to PATH act) when claiming this credit in your tax return. _________ [2014 EIC Update] The IRS has released 2014 Earned Income Tax credit (EITC) details which are shown in the table below. There have…

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 to be aware of when filing your 2014 taxes. Changes were in the form of updated federal tax rates, new…

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 latest 2012 tax tables here which saw a widening of tax brackets and increases in personal exemptions and standard deductions…

2025 Earned Income Tax Credit (EITC): Eligibility Criteria and Income Limits Explained

Below are the latest Earned Income Tax Credit (EITC) tables and income qualification thresholds adjusted for recent tax years and new legislation. These limits are adjusted annually in line with inflation and other government mandates. The EITC has returned to normal levels following the temporary expansion of eligibility rules and…

Tag: EITC