The Earned Income Tax Credit (EITC) is a federal, refundable tax credit from the Internal Revenue Service (IRS) that helps boost the incomes of low-wage, working families. In 2013, more than 354,000 Colorado taxpayers received $772 million in federal EITC refunds. Taxpayers who qualify for the federal EITC also qualify for the state EITC. Colorado’s […]
Do You Qualify for an Earned Income Tax Credit
Don’t forget about the earned income tax credit! Tax time is just getting under way. You should be receiving your tax documents in the mail. If your household earns less than $56,000 you may qualify for a tax credit and free tax filing assistance. Earned Income Tax credits The largest tax credit is still the […]
Saving Money and Reducing Debt in the New Year
It’s the start of a New Year and many people are thinking about saving money or reducing debt. Know Where You Stand Before you set new goals or make changes, you need to know where you stand. Review your income and expenses for the prior year. Take a good look at where your money is […]
