with Amy Wall
The Earned Income Credit has undergone huge changes for the coming tax season! Clients who never before qualified for this credit may now have the opportunity to benefit from it. This class discusses the changes made to: the adjusted gross income limit, the investment income limit, the eligible age of the taxpayer, and the earned income amounts you may use to calculate the credit. We’ll also take a quick look at Form 8862, the form you’ll need to file in order to allow a previously disqualified taxpayer to claim the credit.
