Bienvenidos Welcome to BestTaxRefunds.com you should never prepare your income taxes online by yourself you could miss special benefits include maximum refund guarantee,preparing your own income tax return can be a task that leaves you with more questions than answers. according to a study released by the us government's general accounting office last year, most taxpayers (77% of 71 million taxpayers) believe they benefited from using a professional tax prepare. Whether we like it or not, today's tax laws are so complicated that filing a relatively simple return can be confusing. it is just too easy to overlook deductions and credits to which you are entitled. even if you use a computer software program there's no substitute for the assistance of an experienced tax professional.

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Earned Income Tax Credit (EITC)

The earned income credit is a refundable tax credit designed for lower income working families and individuals. The amount of the credit varies depending on your level of income and how many dependents you support.

The tax credit can even generate a tax refund larger than the amount of tax paid in through withholding. For the years 2009 through 2017, the Earned Income Credit is temporarily increased for working families with three or more dependents.

Previously the earned income credit maxed out at two dependents. The earned income credit will revert back to maxing out with two dependents starting in the year 2018.

But that’s NOT the worst part!

To be eligible for the earned income credit, both your earned income and adjusted gross income needs to be within certain ranges. The amount of the tax credit varies based on your earned income and how many qualifying children you are supporting in your household.

Families with three or more children may receive a credit of up to $6,143 in 2014. The maximum credit is $5,460 for families with two children, $3,305 for families with one child, and just $496 for those without children.

Earned Income Tax Credit Amounts for this Year is:

    The maximum earned income credit for 2014 is:

  • $6,143 with three or more qualifying children;
  • $5,460 with two qualifying children;
  • $3,305 with one qualifying child; and
  • $496 with no qualifying children.

EITC, Earned Income Tax Credit, Questions and Answers

Here is a list of questions you frequently ask about EITC.

  • What is EITC, Earned Income Tax Credit?
  • Who can claim the credit and how do I get it?
  • IRS denied my EITC last year, but I qualify this year, what should I do?
  • Who is a qualifying child?
  • Who is an eligible foster child?
  • What is Earned Income?
  • How do I figure my credit?
  • If I get the Advance EITC or AEITC do I have to file a tax return?
  • What if I am prohibited from claiming the EITC for a period of years?
  • Where can I get more information?

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We offer a "Total Tax Return -Peace of Mind" Accuracy Guarantee on ALL tax returns we prepare in our office. If we prepare your tax return it will be completely accurate and correct. If there is EVER a problem with your tax return, we will fix and pay any penalties and/or interest on our mistake. Now's that peace of mind!

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