2023 Tax Filing Season

 It’s easier than ever to find out if you qualify for EITC!

EITC, the Earned Income Tax Credit, sometimes called EIC is a tax credit to help you keep more of what you earned. It is a refundable federal income tax credit for low to moderate income working individuals and families. Congress originally approved the tax credit legislation in 1975 in part to offset the burden of social security taxes and to provide an incentive to work. When EITC exceeds the amount of taxes owed, it results in a tax refund to those who claim and qualify for the credit.

To qualify, you must meet certain requirements and file a tax return, even if you do not owe any tax or are not required to file. 

Preparing for the 2023 tax year might seem like a distant task, but it's never too early to start planning. By taking a proactive approach, you can ensure that you're well-prepared for the upcoming tax season and avoid any last-minute stress. Whether you're an individual, a small business owner, or a freelancer, there are steps you can take to stay organized and in control of your finances. From keeping accurate records to taking advantage of tax-saving opportunities, there are plenty of ways to make the most of your money and minimize your tax liability. In this article, we'll explore some essential tips for preparing for the 2024 tax year and setting yourself up for financial success. Find out more about how to prepare for the 2024 tax season HERE. 

Tax season can be a daunting time for many filers due to the complexity of the tax code and the fear of making mistakes. The process of gathering all the necessary documents, navigating deductions and credits, and accurately filling out forms can be overwhelming. Additionally, the consequences of errors or omissions on tax returns can be severe, including fines and even legal action. For those who are unsure of how to properly file their taxes, seeking the help of a professional may be the best course of action to alleviate some of the stress and anxiety that can come with this annual task. To find out everything you need to know about the filin this tax season go HERE.