Tax season is here, and it’s time to file your income tax with the IRS. For many Americans, this can be a stressful process, especially if it’s your first time filing. However, you may not owe as much tax as you think. Tax credits can significantly lower your tax bill, and in some cases, you … Read more
Inflation continues to impact millions of Americans, especially low-income households. To provide financial relief, the government offers the Earned Income Tax Credit (EITC), a valuable tax break that can reduce federal taxes or provide a refund. If you’re eligible and file your return early, you may be wondering when to expect your direct deposit. Here’s … Read more
The U.S. government is set to provide up to $2,400 in federal benefits to eligible workers starting in February 2025. These benefits are designed to support low- and moderate-income individuals and families through tax credits and financial assistance programs. Knowing eligibility, payment schedules, and how to claim these benefits can help you maximize your refund … Read more
The lingering effects of the pandemic disrupted many routines, including tax filing. If you skipped filing your 2020 tax return, the IRS is offering you another chance to claim potential refunds. This is especially important if you qualify for benefits like the Earned Income Tax Credit (EITC), which could mean thousands of dollars back in … Read more
The Earned Income Tax Credit (EITC) for 2024 offers significant benefits for working individuals and families, aiming to provide financial relief and incentivize work. In this article, we cut into the details of the EITC payment for 2024, including payout dates, amounts, and eligibility criteria. EITC Payment The EITC is designed to support individuals who … Read more
If you’re looking to understand IRS bonus payments, you’re in the right place. The Internal Revenue Service (IRS) typically handles tax collection and administration in the United States. Occasionally, it issues payments to taxpayers, but these are not bonuses in the traditional sense. Let’s cut into what these payments are, what has been issued so … Read more