The Tax Professionals Blog
Tax Extender: Earned Income Tax Credit (EITC)
Background: The EITC for three or children, with 45% credit rate and maximum credit of $6,269 was a temporary increase sun setting after 2017 (Sec 32(b)(3).
Read MoreCalifornia Initiates a State EITC Beginning 2015
California has initiated an EITC beginning 2015. California and twenty-five other states plus the District of Columbia now offer an EITC. In twenty-two of these states, including California, the credit...
Read MoreIRS is Sending EITC Due Diligence Warnings
During October the IRS will send warning letters to preparers who appear not to be complying with due-diligence requirements for the Earned Income Tax Credit.
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