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 […]
Take Action Now to Prevent Someone from Stealing Your Tax Refund
Yes, it is alarming; the Equifax data breach may have exposed more than half the adults in this country to identity theft and financial fraud. Names, social security numbers, birth-dates, and other information including some credit card numbers were stolen from their data system. This is one of the estimated 1,500 data breaches in 2017; […]