Tax Credit$
- Mr. Ashley Thomas, EA
- Jul 31, 2020
- 1 min read
Updated: Oct 9, 2020
The BIG 5 tax credits that you should take advantage of!
Earned Income Tax Credit - refundable credit, children can be up to 24 years old if enrolled in a college or an accredited educational institution at least full time
Child Tax Credit - refundable credit, up to $1,400
Additional Child Tax Credit - refundable credit
Self Employment Income Deduction - nonrefundable credit for 1/2 self employment income
Qualified Business Income Deduction - nonrefundable credit for a 20% reduction in qualified business income
These are the BIG 5 tax credits that you all should be taking advantage of if you qualify!
If you are missing any tax refunds, tax credits, or tax returns then contact us today for a complimentary consultation of your current tax situation, so we can help save you $$$! Specializing in tax return amendments, audits, & tax debt audit re-considerations!
Sincerely,
Ashley Thomas, EA
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