Liberty Tax examines tax advantages for families - Ahwatukee Foothills News: Business

Liberty Tax examines tax advantages for families

Print
Font Size:
Default font size
Larger font size

Posted: Saturday, March 5, 2011 1:00 pm

Families with children may reap some additional tax benefits when filing their 2010 returns, according to Liberty Tax Service. The temporary increase in the Earned Income Tax Credit (EITC) for 2009 will continue through 2012. Prior to 2009, the credit percentage for the EITC for a taxpayer with two or more qualifying children was 40 percent of the first $12,570 of earned income. The new law increases the percentage to 45 percent of the first $12,570 of earned income for taxpayers with three or more qualifying children. The EITC phase-out range has also been adjusted upward by $1,880 for joint filers to eliminate any marriage penalty.

More about

More about

More about

  • Discuss

Desert Vista Thunder Football Preview 2014

The Thunder look to return to their winning ways behind a talented junior class and a group of...

Facebook

ahwatukee.com on Facebook

Twitter

ahwatukee.com on Twitter

RSS

Subscribe to ahwatukee.com via RSS

RSS Feeds

Spacer4px

Desert Vista Thunder Football Preview 2014

The Thunder look to return to their winning ways behind a talented junior class and a group of...

MP talent contest - WRs

Isaiah Banks and company flips out to win it all

MP talent contest - LB

Epic fail on this attempt

Online poll

Loading…