Education credits                 

You may be able to claim an education credit if you, your spouse, or a dependent you claim on your tax return was a student enrolled at or attending an eligible educational institution. The credits are based on the amount of qualified education expenses paid for the student in 2014 for academic periods beginning in 2014 and in the first 3 months of 2015.

For example, if you paid $1,500 in December 2014 for qualified tuition for the spring 2015 semester beginning in January 2015, you may be able to use that $1,500 in figuring your 2014education credit(s).

NOTE: Educational institution will send 1098 Form by January 31, make sure you bring that form with you.

EITC, the Earned Income Tax Credit, sometimes called EIC is a tax credit to help you keep more of what you earned. It is a refundable federal income tax credit for low to moderate income working individuals and families. Congress originally approved the tax credit legislation in 1975 in part to offset the burden of social security taxes and to provide an incentive to work. When EITC exceeds the amount of taxes owed, it results in a tax refund to those who claim and qualify for the credit.

To qualify, you must meet certain requirements and file a tax return, even if you do not owe any tax or are not required to file.

Please, bring birth certificates dependents, proof of residency, school records, medical records and any other document that helps us to determine if you are eligible for this credit.

EARNED INCOME CREDIT

Earned Income Credit Table 2014, 201