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Income Tax Deduction: Earned Income Credit

According to the IRS, the earned income credit (EIC) is a tax credit for certain people who work and have earned income under $41,646. A tax credit usually means more money in your pocket. It
reduces the amount of tax you owe. The EIC may also give you a refund.

To find out more information about the earned income credit, go to: http://www.irs.gov/pub/irs-pdf/p596.pdf.

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Income Tax Tip: Pay on Time

Pay your amount due to the IRS on time.
This will prevent you from having to pay unnecessary penalty fees AND interests.

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Income Tax Deduction: Child Credit

If you have children, make sure to take advantage of the Child Credit established by the IRS.

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