Assistance For Low And Middle-Income Families

ASSISTANCE FOR LOW AND MIDDLE-INCOME FAMILIES

In regards to the (Earned Income Tax Credit) EITC and the Child Tax Credit (CTC)

If you were out of work for part of 2020 and don’t have enough income to qualify for each of these credits like you usually would, you may use your 2019 figures instead. If 2020 yields the higher credit, then you should use those figures. Congress is giving you the option to ensure you are getting the maximum credits possible. In addition, unemployment benefits will not reduce the amount of credit received.

Casey Evans

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Highlights For PPP2

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Charitable Deductions