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Latest revision as of 06:18, 12 November 2024
Families are usually considered to become poor or low income are given assistance your earned income credit, or EIC. The EIC is really a tax credit that helps such families with low earnings to keep a better standard of just living. An EIC can translate best suited tax refund of cover anything from $400 and $4,500. This article will let you know that you can figure out if you are entitled for the EIC.
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You to be able to file a tax return for that one year a few years before the bankruptcy. To become eligible to wipe out the debt, you might have have filed a taxes for the internal revenue service or State debt you would to discharge at least two years before bankruptcy. Thus, regardless if the debts are over couple of years old, for filed the return late and two years has not yet passed, may cannot eliminate the Irs or State tax debt.
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