“ARPA Liberalizes the
Earned Income Tax Credit Rules”
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The COVID-19 pandemic obviously caused devastating financial problems for individuals and businesses.
That’s why lawmakers enacted the American Rescue Plan Act of 2021.
One of the many changes made in the law (for 2021 only), is the liberalization of the earned income tax credit (EITC) rules).
The new rules were designed to help taxpayers, who had at least one qualifying child, benefit from increases in the amount of investment-income available. And without becoming ineligible for the EITC!
IMPORTANT: If your income is too high for you to qualify for the EITC, you may have loved ones who are eligible.
PLEASE NOTE: According to a report by the Treasury Inspector General for Tax Administration, about five million potentially eligible taxpayers fail to claim the EITC each year.
They’re losing about $7 billion in unclaimed credits.
Don’t miss this chance to get your share of the unclaimed credits!
Want to find out more, (and you should!)…