RALEIGH, North Carolina.- The Internal Revenue Service (IRS) will begin accepting and processing 2020 tax returns on Friday, February 12. North Carolina families can receive more than $ 6,000 in tax credits this year.
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The tax credits they depend on each taxpayer, according to income and type of work: “It is important to consider your marital status, if you are single or married and if you are the head of the family,” explained the tax specialist.
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In addition to family charges, the payments you will receive from the IRS vary depending on your statement.
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“If you have one child you would receive $ 3,584, when there are two dependents you receive about $ 5,920 and when there are three you qualify for $ 6,660. It all depends on income,” Tosta added.
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Who gets the tax credit?
If you are single, head of household or widowed, your income must not exceed what is established by the IRS:
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- No children = $ 15,820
- With 1 child = $ 41,756
- With 2 children = $ 47,440
- With 3 children = $ 50,594
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Married couples filing jointly must have earned less than:
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- No children = $ 21,710
- With 1 child = $ 47,646
- With 2 children = $ 47,646
- With 3 children = $ 56,844
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Immigration status does not matter
“You can have an ITIN and if your children have a social security number, you qualify. One of the requirements is that the child was born here and has six months here,” Tosta clarified.
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If the parents shared custody of their children, The representative applying for the tax credit must prove that your child was under your roof for at least six months. Some documents such as childcare bills, health insurance or residence address serve as support.
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The preparer stressed the importance of saving all documents to ensure that the IRS sends the refund. “They may deny credit because something was missing that was not incorporated,” he said.
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“A mistake can delay your refund”
Once you have an IRS-authorized preparer, Remember that you should not sign any blank tax returns. Before signing it is important that you verify information such as: date of birth, social security number or ITIN and your address, in addition to reading your statement in its entirety. “A typing error can delay your refund,” concluded the preparer.
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