Want to Save Up to $6,557 On Your Taxes? Do This
You can save money on taxes by stashing funds in a tax-deferred retirement account, claiming legitimate business deductions, or claiming deductions for charitable donations or medical expenses, among other things. But if you don't qualify for any of those, that doesn't mean you're stuck with a huge tax bill.
The Earned Income Tax Credit (EITC) is worth up to $6,557 for the 2019 tax year and the qualification requirements aren't that stringent. Low- and moderate-income households with at least one working adult can shave hundreds or thousands of dollars off their tax bill by claiming it. Let's take a closer look.
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Source Fool.com
