Hello, low income familes do not earn enough to

use the 1040 long form to file for tax credit.
once the money is spent, it is gone.

The only way a family will benefit from a tax credit, is if they earn more than 30K and must own a home. otherwise, the refund method through tax credit only reduces the total table income they must came, and then and only then would they see any refund, and even then it will only ad a 100 to 300 dollars.

example I earn 10k, you offer me a tax credit of 5k, that leaves me filing a total of 5k income, which is only about 150,oo back to me.

Blogged with the Flock Browser
Advertisements

%d bloggers like this: