EITC

The Earned Income Tax Credit (EITC) is one of the federal government's largest benefit programs for working families and individuals. Unfortunately, unlike other benefit programs, the EITC is not automatic. In order to get the credit, taxpayers must file a tax return and specifically claim the...

As April 15 creeps closer, many taxpayers are focusing on refunds. While those taxpayers rush to file their returns on or before Tax Day, the tax deadline takes on a whole other meaning for others. April 15 is not only Tax Day for the 2009 tax year -- it's the last day to claim a refund for the...

Great news for anyone who makes under $58,000. You'll be able to file your taxes for free, including free tax prep, thanks to a $4 million grant from the Walmart Foundation to United Way Worldwide, One Economy and the National Disability Institute. This is the second year for the free tax prep...

In late January, the IRS and Treasury Department organized EITC Awareness Day to highlight the availability of the tax credit. According to the IRS, nearly 24 million people took advantage of the Earned Income Tax Credit last year, receiving nearly $50 billion in benefits. Just because EITC...

If it seems like tax laws are changing every time you time around, it's not your imagination. Over the past eight years, changes to the Tax Code have been made at a rate of more than one a day. According to the office of the National Taxpayer Advocate, there were 500 changes in 2008 alone, many of...

Like death, taxes are one thing you can count on and preparing taxes can be a trying experience especially if you haven't kept up with the numerous tax credits that are available. Thankfully the IRS has partnered with volunteers to provide free tax preparation assistance to individuals making less...