Filing of 2021 tax return can help those who don’t normally file claim a refundable tax credit or get an income tax refund.
You can claim earned income tax credit and receive it as a tax refund if you are working taxpayer who earned $57,414 or less last year. For the 2021 tax year, the earned income credit ranges from $1,502 to $6,728 (depending on your filing status and how many children you claim on the tax return).
Child tax credit or credit for other dependents can be claimed if you have a qualifying child under the age of 17 and meet other qualifications. You may be eligible for the credit for other dependents (for dependent children or parents & other individuals you support).
If you did not receive your third Economic Impact Payment or got less than the full amount, you may be eligible to claim the recovery rebate credit based on your 2021 tax year information.
CONTACT US TODAY if you need help with the preparation of your 2021 tax returns.
Sincerely,
Maryna Varabyova, CPA
(877) 677-3737
info@vmtaxcpa.com
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