A Status For Taxes - Part 1: Difference between revisions

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Families which are considered to be poor or low income are given assistance through the earned income credit, or EIC. The EIC is a tax credit that helps such families with low earnings to have a better standard of living. An EIC can translate perfect tax refund of anywhere between $400 and $4,500. This article will let you know that you can figure out if you are eligible for the EIC.

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Julie's total exclusion is $94,079. American expat tax return she also gets to claim a personal exemption ($3,650) and standard deduction ($5,700). Thus, her taxable income is negative. She owes no U.S. tax.

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