earned income tax credit
Senate President Steve Sweeney has introduced a bill raising taxes on residents earning more than a $1 million.
Thousands of Connecticut taxpayers could potentially receive a lucrative financial windfall, U.S. Sen. Richard Blumenthal said Friday.
Geared primarily towards low-to-middle income, working individuals and families, the Earned Income Tax Credit (EITC) is a federal benefit able to provide relief to those who meet specific criteria, by reducing the amount of tax owed and by increasing the amount of tax monies refunded, as determined after filing. Both single and married people can benefit from EITC, regardless of whether or not they have children or other dependents.
Don’t miss out on some valuable tax credits and deductions. Here are a few of the most commonly missed credits, which could end up saving you a bundle.
A report completed by centrist think tank Third Way compared Hicksville, Akron, Ohio and McAllen, Texas and showed how overtaxed the Long Islanders are due to the higher cost of living.
Connecticut’s Commissioner of Revenue Services Kevin Sullivan said these unscrupulous people set up shop at tax time to lure filers who are eligible for tax refunds under the Earned Income Tax Credit program.
Mitt Romney, if you want to talk about mooches and freeloaders that take advantage of the system then grow a spine and show America your tax returns. Let’s see what you really pay as a percentage. Let’s see what deductions you take. Let’s see how addicted to federal benefits you are.
The recently released tape of Romney speaking to donors at a closed door fundraiser has exposed Mitt Romney to, in fact, be the person Democrats have portrayed him to be: a rich, out of touch, arrogant man that has no respect or connection to the American middle class and absolutely no interest in making the American middle class stronger.