Get Paid More for Working the Same
Have you ever heard of the Earned Income Tax Credit? Well, it’s about time you knew more about it.
This program first appeared during the ‘70s and has been suffering from expansion and modifications ever since. Now, for the 2018 tax filing, the range is between $520 and $6,444. But let’s see exactly how it works.
When the federal EITC exceeds the amount of taxes owed, the result is a tax refund – which is a check of a certain value you get back. Basically, you’re no longer a tax payer. What stops many people from enrolling is that you have to act to claim the credit by filing.
Also, the income limits on this type of program is pretty low. Here are some general examples:
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If you are single, your income limit is of $15,310;
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If you are married and filing jointly, your adjusted gross income should limit to $21,000.
