In 2011, personal exemptions and standard deductions will rise and tax brackets will widen due to inflation. These inflation adjustments relate to eight tax provisions that were either modified or extended by the Tax Relief, Unemployment Insurance Re-authorization and Job Creation Act of 2010 that became law on Dec. 17. New dollar amounts affecting 2011 [...]
Posts tagged EITC
Do You Qualify for the Earned Income Tax Credit?
Millions of Americans forfeit critical tax relief each year by failing to claim the Earned Income Tax Credit, a federal tax credit for low-to-moderate-income individuals who work. Taxpayers who qualify and claim the credit could owe less federal tax, owe no tax, or even receive a refund. This year it’s even easier to determine whether [...]
Do I have to File a Tax Return?
IRS Tax Tip 2010-17 Do I have to File a Tax Return? You must file a tax return if your income is above a certain level. The amount varies depending on filing status, age and the type of income you receive. Check the Individuals section of IRS.gov or consult the instructions for Form 1040, 1040A, [...]
Do You Qualify for the EIC
IRS TAX TIP 2010-22 They are really going after those who file for this credit and do not qualify. Make sure you really are eligable. Start by reading this IRS tax tip. Be Sure to Know Whether You Qualify for the Earned Income Tax Credit The Earned Income Tax Credit, commonly referred to as [...]


















