Tax Tip – Contribute the maximum to your retirement accounts.
Contribute the maximum to retirement accounts There may be no better investment than tax-deferred retirement accounts. They can grow to a substantial sum because they compound over time free of taxes. Company-sponsored 401(k) plans may be the best deal because...
Self Employed and EIC
Self-employed still counts Many filers — especially self-employed individuals — fail to take advantage of credits because they think they are ineligible, Barajas said. "I have had a lot of people who I have seen need to amend their returns, who were self-employed, who...
Who qualify for EIC?
Earned Income Credit (EIC) is limited to low-to-moderate income earners The general eligibility rule for the EITC is fairly straightforward. Taxpayers must file as individuals or married filing jointly. If married, you, your spouse and your qualifying children must...
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