Answer
Jun 18, 2018 - 01:22 PM
Child Tax Credit
For 2018, the recently passed GOP tax reform bill doubles the amount of the Child Tax Credit from $1,000 to $2,000 per qualifying child. In other words, you will receive a $2000 credit for each qualified child.
Earned Income Credit
Earned income credit (EIC), or earned income tax credit (EITC), is a tax benefit for low-income families designed to help them save money each year by reducing the amount of tax they owe. If you qualify for the earned income tax credit you can reduce your taxes and significantly increase your tax refund.
For 2018, the recently passed GOP tax reform bill doubles the amount of the Child Tax Credit from $1,000 to $2,000 per qualifying child. In other words, you will receive a $2000 credit for each qualified child.
Earned Income Credit
Earned income credit (EIC), or earned income tax credit (EITC), is a tax benefit for low-income families designed to help them save money each year by reducing the amount of tax they owe. If you qualify for the earned income tax credit you can reduce your taxes and significantly increase your tax refund.
Add New Comment