John M. Hoffman & Associates CPAs
Earned Income Credit
We don't try to be experts at everything and the
Earned Income Credit is one area that we do not want to become experts in.
The Earned Income Credit (EIC) is a credit for
low income taxpayers, particularly those with dependent children.
If when we are preparing a tax return and we have
all of the relevant material, once in a blue moon an EIC pops up on the return.
We assume that the software does it correctly and that is about the extent of
This credit can be
on a relative sense for taxpayers. For qualifying taxpayers with two or more
children the credit for 2007 can be as much as $4,716. We suggest that if this
is applicable to you, that you look over IRS information regarding such.
We, however, have decided to focus our expertise
in other areas of the tax code and are self proclaimed
in this area.