Ever heard of Earned Income Credit? See page 40 of 2009 Form 1040 for details...one interesting little quote: “The EIC is a credit for certain people who work. The credit may give you a refund even if you do not owe any tax.” Is this not a great Country? The tables indicate that the more children you have, the greater the credit...got it?
I am not a CPA or tax specialist, so I may have it all confused, but looks like a place for large families to spend a few minutes checking things out!
Ever heard of Earned Income Credit? See page 40 of 2009 Form 1040 for details...one interesting little quote: “The EIC is a credit for certain people who work. The credit may give you a refund even if you do not owe any tax.” Is this not a great Country? The tables indicate that the more children you have, the greater the credit...got it?
I am not a CPA or tax specialist, so I may have it all confused, but looks like a place for large families to spend a few minutes checking things out!
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That thing kills me. Some people get back every dime they pay in and because they have a family we give them more back! No one should get more back in income tax refunds than they pay in.