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While theEITChas been around for 50 years, its still one of the biggest deductions people miss.
Nearly 20% of those eligible do not claim the credit.
Here is what it’s crucial that you know about EITC and if you qualify for next tax season.
Also here are other tax credits you may qualify for.
The credit can lower the amount of taxes owed or give a bigger refund.
The EITC is a tiered system based on income and the number of dependents.
According to Burns, there are three things you could do.
The IRS estimates that one in five taxpayers dont claim their EITC, meaning millions arent utilizing the credit.
Dont leave money behind.
Speak to a tax professional to find out if you could qualify.
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