Certain Refunds Delayed
Many EITC filers will be receiving their refunds later than normal this year due to a change in the tax law that requires the IRS to hold refunds of those claiming the EITC and ACTC (Additional Child Tax Credit) until mid-February. Refunds will most likely not hit bank accounts or debit cards until the week of February 27th.
If you have questions or concerns or need to make sure you are filing to get the maximum benefit please call us at Florida Fast Tax at 772-236-9006
Grandparents Missing Out on Earned Income Tax Credit
Are You Getting the Tax Benefits You Deserve?
If you are caring for your grandchildren you might be eligible for the Earned Income Tax Credit (EITC). The IRS claims that many grandparents miss out on this valuable tax benefit.
Whether you are working or retired if you are caring for grandchildren and can claim them as dependents you might be eligible. Don’t guess, the rules and guidelines and income phase out level are always changing.
If you want to know for sure the best thing to do is to call us at Florida Fast Tax at 772-236-9006.