Five Tax Credits You Should Claim
If you are eligible for these five tax credits, you should claim them this year on your tax return. These credits will reduce the tax your owe directly and some can be refunded to you if you owe no taxes at all.
The Earned Income Tax Credit (EITC) is for lower income earners and considers the number of children that you have when calculating the tax credit. The tax credit is refundable and can give some low income workers up to $6,000 in refundable taxes well beyond what they have paid into … Read more at 2008 Taxes.
By Steve | Posted in irs, tax credit, Tax Preparation, tax return | Also tagged child and dependent tax credit, child tax credit, earned income tax credit, health coverage tax credit, retirement savings, savers credit, turbo tax, your tax return | ARRA Provides Tax Benefits to Consumers
The American Recovery and Reinvestment Act of 2009 provides a number of tax benefits to consumers that are worth looking into if you fit into one of these categories and can take advantage of the tax credit according to the IRS. Purchasers of cars and homes should look into two of the tax credits and the unemployed get a generous tax credit also.
1. Making Work Pay Tax Credit: Most Americans saw an increase in their take-home pay in early April but should double check their withholding to make sure they are … Read more at 2008 Taxes.
