Taxpayers May Qualify for Earned Income Tax Credit


Posted January 8, 2016 by kumkum

Article released on the Earned Income Tax Credit (EITC) provides information on how to qualify so that taxpayers can receive the largest refund possible when filing in the 2016 tax season.
 
Many taxpayers may be seeking answers regarding the best way to complete their 2015 tax return. Focusing on trying to get the taxpayer the largest refund possible, tax preparation expert Frank Ellis wrote an informative article on the EITC—the Earned Income Tax Credit, for which lower-income Americans may be able to qualify. Recommending the public educate themselves on their tax filing options prior to completing their 2015 tax returns, Ellis aims his most recent article at those who may qualify for the Earned Income Credit

There are several qualifications to be considered for those interested in using the Earned Income Tax Credit. According to Ellis, this credit is offered to individuals and couples on low and medium incomes. Those who qualify would receive the refundable tax credit if they have two to four dependents. Additionally, to qualify for the credit, the dependent must live with the taxpayer for at least six months.

The Earned Income Credit deals primarily with people who are claiming a child on their tax returns and determining if they are eligible to claim the child in question. The article, authored by tax preparation expert Frank Ellis, includes details on the maximum credits available depending on the credit table amounts

In order to get the best refund possible, Americans must consider all of the filing possibilities that determine the accuracy in their 2015 tax return. With the informative article by Tax Examiner Frank Ellis at the tips of their fingers, many taxpayers have found that they could learn more about their tax credit qualifications.

For more information about the Earned Income Tax Credit or to read the article in its entirety and see how to meet the qualifications and what the maximum credits are, visit http://americantaxservice.org/earned-income-tax-credit-table/ . Additionally, the article offers a link to an EITC calculator to calculate the credit available.

About Frank Ellis

Frank Ellis is a Traverse City Tax Preparation Planner and published author. He has written tax and finance related articles for eight years and has published over 900 articles on leading financial websites.

Contact:
Frank Ellis
American Tax Service
945 East 8th Street Suite A, Traverse City, Michigan 49686
Website: http://americantaxservice.org/
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Issued By Frank Ellis
Country United States
Categories Business
Last Updated January 8, 2016