There are several expanded tax benefits available to Americans, even if they have little or no income from a job. The IRS emphasizes these are only available to those who file a 2021 federal income tax return.
– People who don’t normally need to file a tax return should consider doing so this year.available to Americans, even if they have little or no income from a job. The IRS emphasized these are only available to those who file a 2021 federal income tax return.
Eligible families must file a return, even if they received monthly payments. In addition, the IRS said everyone must attachFamilies who added a dependent in 2021 may be eligible to receive a 2021 Recovery Rebate Credit of up to $1,400. These families are also encouraged to claim the Child Tax Credit.
The American Rescue Plan also boosted the Earned Income Tax Credit for childless workers. It can be claimed by eligible workers who are at least 19 years old. This is a refundable tax credit for low to moderate-income workers.
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