You might have heard about the EITC—or Earned Income Tax Credit (also called EIC). This tax credit benefits working people with low to moderate incomes. If you qualify, you can receive a credit ranging from $2 to $6,143, depending on your situation. This can be a huge benefit, especially if you have children. And the IRS estimates that one of five people who qualify for the EITC don’t claim it! Don’t let that be you! [Read more…]
Archive for PracticalNOW
If you’re like most Americans, you’re living on a budget. Regardless of where your money comes from, you want to make it last as long as possible.
Here are five tips for stretching your dollar:
1. Buy clothing off-season: If you have kids, you know they grow like weeds! You probably won’t get more than one season’s wear from their clothes. Try to hit the clearance sales at the end of the season and buy clothes a size or two larger so they can wear them the following year. If you hit the sales at the right time, you can buy great first-quality clothes for a dollar or two apiece from the kids’ clearance section. Do the same for yourself: at the end of this season, pay less for the clothes you’ll wear this time next year. [Read more…]