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Jackson Hewitt® Warns Taxpayers that Unemployment Could Affect Eligibility for the Earned Income Tax Credit
The tax services company provides tips about the valuable tax credit on EITC Awareness Day
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JERSEY CITY, N.J., Jan. 21, 2021 /PRNewswire/ To increase eligibility awareness of one of the most overlooked tax credits, the Earned Income Tax Credit (EITC), Jackson Hewitt Tax Service® is participating in this year s EITC Awareness Day, on January 29, 2021.
The EITC is one of the largest tax credits, valued at up to $6,660 for qualifying taxpayers with three or more children. Jackson Hewitt wants taxpayers to know that their EITC eligibility could be affected if they were unemployed or had significant employment changes during 2020.
Tax filing season delayed
Tax season delay By Chasity Maxie | January 18, 2021 at 7:40 PM CST - Updated January 18 at 7:40 PM
BIRMINGHAM, Ala. (WBRC) - Those looking to get their taxes filed early this year will have to wait a little longer.
The Internal Revenue Service has announced that tax season is being pushed back a few weeks.
The IRS will begin accepting and processing 2020 tax year returns on Friday, February 12th. That delay is because of the pandemic, and the push to get stimulus payments out quickly.
Tax filing season normally begins toward the end of January, but this year the IRS is dealing with tax law changes, which provided a second round of economic impact payments and other benefits.
/PRNewswire/ The 2020 tax year was unparalleled in many ways, which will likely surprise taxpayers who don t plan ahead, according to tax experts at Jackson.