The Earned Income Tax Credit (EITC) is a federal tax benefit designed to assist low- to moderate-income workers by reducing their tax liability and potentially increasing their refund. For the tax year 2024, eligible taxpayers with three or more qualifying children can receive a maximum credit of $7,830. Understanding the eligibility criteria and important dates … Read more
Many North Carolina residents may have unclaimed tax refunds waiting for them. The IRS owes over $44 million to taxpayers in North Carolina who haven’t claimed their refunds. If you or someone you know didn’t file a tax return in recent years, you might be eligible for a portion of this money. In this article, … Read more
The United States Internal Revenue Service (IRS) projects that people will file more than 140 million tax returns between January 27 and April 15 to commence the new tax season. There exists an essential period for individuals to determine if they meet the requirements for important tax credits that enhance their tax reimbursement potential. Qualified … Read more