December 11, 2014 – A new Examiner.com article now explains the earned income tax credit limits for the 2015 tax season. Penned by Traverse City Tax Preparation Examiner Frank Ellis, the article reveals important information as IRS rules change regularly. How much one owes or is refunded depends on these rules and the Earned Income Tax Credit (EITC) is one way taxpayers can save.


December 11, 2014 – A new Examiner.com article now explains the earned income tax credit limits for the 2015 tax season. Penned by Traverse City Tax Preparation Examiner Frank Ellis, the article reveals important information as IRS rules change regularly. How much one owes or is refunded depends on these rules and the Earned Income Tax Credit (EITC) is one way taxpayers can save.

The author reveals the EITC was originally intended to get people into the workforce, and has positively impact more than 32 million families. There have been increases in this credit for the 2015 tax season, Ellis says, and the thresholds are explained in more detail so taxpayers can know whether they can take advantage of such opportunities.

Qualifications are now highly dependent on family size, according to the author. Examples highlighted include families with no children, who must earn less than $14,590. For married couples filing jointly, the threshold is a little higher. The article also reveals families with one child can earn up to $43,941 and still qualify for the credit, or $49,186 if filing jointly. With three or more children, joint filers can make up to $52,427 and benefit from this tax credit.

In the article, the author also reveals how much parents can receive, based on how many children they have, their income, and tax filing status. Increases in maximum amounts are reflected. Other details are touched on including the fact the EITC is a refundable credit. For more information, go to www.examiner.com/article/introducing-the-earned-income-credit-limits.

Using the EIC calculator, one can estimate how much credit they are eligible for. Filing status, annual income estimate, and number of qualifying children are required for the tool to provide an accurate number. Users must also enter the state they live in.

For more information and to access the Earned Income Credit Calculator with the IRS’s information for this year, go to www.examiner.com/article/the-2013-earned-income-credit-and-eic-calculator.

Frank Ellis also communicates people can claim the credit on a 1040 tax return form. It’s also entered automatically with TurboTax Online. TurboTax discount coupons are available, helping taxpayers save even more and affording access to an accurate tool for filing correct tax returns. www.easyincometaxfilingonline.com/turbotax-tax-filing/

About Frank Ellis

Frank Ellis is a Traverse City Tax Preparation Planner and published author. He has written tax and finance related articles for eight years and has published over 800 articles on the Internet.

Contact Information
Frank Ellis
Claim the Earned Income Credit
945 East 8th Street Suite A
Traverse City, Michigan 49686
Website: www.claimtheearnedincomecredit.com/