The Tax Professionals Blog
Tax Extender: Teacher $250 Above the Line Deduc...
Background: This provision, which has been available since 2002 and through 2014, allows teachers and eligible educators, grades kindergarten through 12, to take an above the line deduction, up to...
Read MoreTax 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 More