Category: internal revenue service

  • Do I Qualify for the Earned Income Tax Credit?

    The earned income tax credit offers up to $6,660 for qualified filers—yet too many Americans don’t seem to know about it. While 25 million Americans qualify, the IRS says that only 20% of them claim the credit on their federal tax return. Here’s a look at why and whether you’re leaving cash on the table.…

  • If You Get This IRS Letter About Your Stimulus Check, Don’t Panic

    If you got a “Notice CP21C” from the IRS suggesting your stimulus payments were going to be used to pay off existing tax debt, don’t be alarmed, the letter was sent in error. The IRS won’t be garnishing your payment, whether you’ve received the check already or plan to claim the rebate as part of…