Families which might be considered to get poor or low income are given assistance together with earned income credit, or EIC. The EIC is often a tax credit that helps such families with low earnings to keep a better standard of just living. An EIC can translate into a tax refund of which range from $400 and $4,500. This review will let you know that you can figure out if you are eligible for the EIC.B) Interest earned, although not paid, during a bond year, must be accrued at the end of the bond year and reported as taxable income for that calendar year in that the bond year ends.
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