Credits Flashcards
1
Q
What is the EIC
A
A tax credit for low income workers with low to moderate income. Under 57,414 and under 10,000 in investment income.
2
Q
How much is the child tax credit?
A
3600$ for child 0-5 and 3000 for kids 6-17
3
Q
What schedule do you use to figure child tax credits?
A
8812
4
Q
What credit will help businesses that made less money in 2019 but kept their employees?
A
Employee Retention Credit
