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Revision as of 05:52, 11 September 2024
The old adage is crime doesn't pay, only one certainly can wonder sometimes about the truth of it given the amount of of politicians that find a way to be baddies! Regardless, the fact an individual making money from a crime doesn't mean you do not to pay taxes. Correct. The IRS wants its unfair share of the ill gotten gains!
Although the time open several people, a lot of folks will not meet vehicle to create the EIC. That obtain the EIC end up being United States citizens, possess a social security number, earn a taxable income, be over twenty-five years old, not file for taxes under the Married Filing Separately category, and possess a child that qualifies. Meeting these requirements is step one in getting the earned income credit.
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