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Posts Tagged ‘tax credit’

Providing Obamacare Financial Help Difficult Due to Error by Filers

Under the Affordable Care Act, eligible individuals and families with low or moderate income that cannot afford to purchase healthcare through the Health Insurance Marketplace can use the premium tax credit (PTC) to pay for health insurance. This refundable credit is received in advance. However, those claiming this credit are required to file a tax return. Many of the people, roughly 1.4 million households, who claimed the PTC ...

The Earned Income Tax Credit – Do You Qualify?

September 28, 2014  |   Tax Advice   |   Tags: , ,  

The IRS income tax credit (EITC) is a tax credit for certain people who work and meet some basic requirements. Obviously, when you get a tax credit, it puts more money in your pocket. It can reduce the amount of tax that you owe and might even mean a refund if you don’t owe any tax. In order to claim the EITC, taxpayers ...