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Efile Tax Advisor

Online Tax Filing Advice and Recommendations

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Earned Income Credit Table Amounts 2020, 2021

August 7, 2020August 8, 2020 frankie1266

The Earned Income Tax Credit (EITC) is one of the most valuable tax credits available to lower- and middle-income families. A huge number of families are eligible to claim this credit every year because of their income and the number … Continue reading Earned Income Credit Table Amounts 2020, 2021

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child care

Child & Dependent Care Tax Credit & Calculator (2020, 2021)

August 7, 2020August 8, 2020 frankie1266

Did you spend any money on childcare expenses this year? You can get some of that back by claiming the Child and Dependent Care Tax Credit. You can also use the child and dependents tax credit calculator to see how … Continue reading Child & Dependent Care Tax Credit & Calculator (2020, 2021)

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eic, earned income credit

How the EITC Supports Low- and Middle-Income Americans

April 15, 2019April 15, 2019 frankie1266

The Earned Income Tax Credit (EITC) is one of the most valuable tax breaks available to low- and middle-income American taxpayers. It has the potential to lower a person’s tax bill beyond $0, so they could get a refund from … Continue reading How the EITC Supports Low- and Middle-Income Americans

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The Child Tax Credit 2020 is Worth Double

February 28, 2019August 8, 2020 frankie1266

The child tax credit is one of the most common types of tax credits around for American families. But the credit has changed because of the recent Tax Cuts and Jobs Act (TCJA). These changes apply for 2018 and future … Continue reading The Child Tax Credit 2020 is Worth Double

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Are You Eligible for a Tax Refund This Year?

February 16, 2019February 28, 2019 frankie1266

The world of tax refunds is complicated. What’s the difference between a refundable tax credit and a tax deduction? Which credits am I eligible for? The lack of knowledge surrounding the potential tax refunds on the table means that so … Continue reading Are You Eligible for a Tax Refund This Year?

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