If you meet the criteria to get the Earned Income Tax Credit, you could see a huge refund this year. You have to make under a certain salary threshold, be between the ages of 25 and 65, and cannot be claimed as someone else’s dependent.
Many taxpayers assume that the EITC is only for people far below the poverty line, but that’s not necessarily true! In fact, you should check if you qualify based on your filing status and adjusted gross income every year. Self-employed people, in particular, should look into this one since it can offset a huge tax burden.