American Tax Service

Helping Americans File Their Taxes

By

Earned Income Tax Credit & Credit Table

Although an incredible number of families currently claim this unique tax break for wage earners with low earnings, the IRS says substantially more qualify for this refundable tax credit yet neglect to take advantage of it.

The guidelines for (EIC) Earned Income Credit Table were recently liberalized; therefore many more families meet the requirements and … Read the rest

By

What is EIC/EITC and Who Qualifies?

The EIC/EITC is known as the Earned Income Tax Credit. This tax credit is available for those who have a low or moderate income that they have earned.

EIC, Earned Income CreditThe amount that you receive for this credit is determined based on the filing status you use and your salary for the year. Those who qualify pay … Read the rest