The earned income tax credit (EITC) is a refundable tax credit that assists low-income Americans by reducing the amount of tax owed on a dollar-for-dollar basis. If taxpayers’ tax credit surpasses their tax liability for the year, they may be ...
When it comes to submitting their tax returns this year, some parents may be disappointed. They could find that they’ll be getting lower returns than normal. During the year 2021, more than 36 million households will have received half of ...