With the 2020 tax-filing season approaching, taxpayers may want to take time now to determine if they or their families are eligible for significant tax credits. For example, the Earned Income Tax Credit (EITC) is a refundable federal income tax credit for working people with low to moderate incomes. Certain eligibility requirements must be met. Because the EITC is a refundable credit, those who qualify and claim it pay less federal tax or no tax, or get a tax refund. It can mean a credit of up to $6,557 for working families with three or more qualifying children. Workers without a qualifying child may be eligible for a credit up to $529. Visit our website for more information!  www.mjscpa.com/news/