taxes

What Members of Military Should Know about the Earned Income Tax Credit

General

The IRS reminds members of the military and veterans that they may qualify for the earned income tax credit. This credit benefits certain people who work and have earned income that’s less than $53,930.

A tax credit usually means more money in the taxpayer’s pocket. The EITC can reduce the amount of tax someone owes, but it might also result in a refund. 

Source: IRS

Continue reading here:

https://www.irs.gov/newsroom/what-members-of-military-should-know-about-the-earned-income-tax-credit

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