Tax Rates Reflect Lifestyle: Difference between revisions
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Revision as of 18:28, 4 February 2025
Families which are considered with regard to poor or low income are given assistance from earned income credit, or EIC. The EIC is often a tax credit that helps such families with low earnings to have a better standard of living. An EIC can translate in tax refund of anywhere between $400 and $4,500. How to handle it will explain how you can figure out if you are entitled for the EIC.
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What could be the rate? In the rate or rates enacted by Central Act there are numerous Assessment School year. It's varies between 10% - 30% of taxable income excluding the basic exemption limit applicable to the tax payer.
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