Ralph Havens, Director of Professional Services
It’s tax time again and you have probably heard of the Earned Income Credit, but how do you know if you qualify? The Earned Income Credit, or EIC, is available to people who work, but have lower income. Some taxpayers are eligible for a tax credit of up to $4,700!
It’s much simpler than you realize to determine if you qualify for this credit. The IRS website offers easy to use tax tools, which take the guesswork out of the EIC. The EITC Assistant is available here: http://apps.irs.gov/app/eitc2007/SetLanguage.do?lang=en. The EITC (Earned Income Tax Credit) Assistant is an interactive tool that simplifies the process of determining if you qualify for the tax credit. With the EITC Assistant, you answer a few simple questions about yourself, your children, your living situation, and your income to figure out if you qualify. The Assistant will then estimate the amount of EIC you qualify for. It’s that easy!
It is important to note the Earned Income Credit is based on income and whether or not you have qualifying children. There are other qualifying factors, so it’s important to read up on this credit with Publication 596 from the IRS or talk to a tax professional.
Ralph Havens was named the Director of Professional Services in June 2007 and has been with JK Harris since 2003. He heads up JK Harris’ Audit, Tax Preparation and E-File departments. Ralph has been an Enrolled Agent for 14 years and his special area of concentration is in audit representation.
