Earned Income Tax Credit

By: Jeremy Ross
By: Jeremy Ross

According to the Michigan Treasury Department, state taxpayers receive about $1 billion per year in Earned Income Credits. According to independent reports, that money is often spent locally helping both taxpayers and state revenue when it comes to sales tax.

The Earned Income Credit (EIC) is a federal tax credit that, for some families, can mean thousands back on their income tax forms.

To find out if you’re eligible, visit the following Web site:
http://apps.irs.gov/app/eitc/SetLanguage.do?lang=en


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