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So this is the only place i know where i can get a real answer.

So since most of you ladies are up to date on government stuff i thought that i would ask here, someone mentioned to me that after next year they are getting rid of the EICT credit on your taxes. True or False??
And no arguments about i am glad that their getting rid of it or man i hate that their getting rid of it. just keep it on the question please.. Dont need a bash fest.

Answer Question
 
mrssundin

Asked by mrssundin at 4:03 PM on Mar. 16, 2011 in Politics & Current Events

Level 19 (6,722 Credits)
Answers (15)
  • I know the EICT was changed this year and I heard it was only going to be changed for this year only as a sort of stimulus... That's what I was told any way.
    But_Mommie

    Answer by But_Mommie at 4:07 PM on Mar. 16, 2011

  • I heard its true
    butterflyblue19

    Answer by butterflyblue19 at 4:07 PM on Mar. 16, 2011

  • It is being debated. There is no final decision.
    Mom2Just1Kiddo

    Answer by Mom2Just1Kiddo at 4:09 PM on Mar. 16, 2011

  • Calculations are changing.
    http://www.irs.gov/individuals/article/0,,id=96406,00.html
    grlygrlz2

    Answer by grlygrlz2 at 4:10 PM on Mar. 16, 2011

  • I found this

    But_Mommie

    Answer by But_Mommie at 4:10 PM on Mar. 16, 2011

  • Yes. Sorry, should have said that EITC is still in place for next year as of right now. Changes to it are being debated.
    Mom2Just1Kiddo

    Answer by Mom2Just1Kiddo at 4:12 PM on Mar. 16, 2011

  • thanks ladies so nothing permanent yet, so does this count for this coming year of taxes or the year after???
    mrssundin

    Comment by mrssundin (original poster) at 4:13 PM on Mar. 16, 2011

  • thanks so much ladies, so are they cutting any other stuff that you know of??
    mrssundin

    Comment by mrssundin (original poster) at 4:14 PM on Mar. 16, 2011

  • The only thing that has been decided is taxes for 2010. Yes. Last year. And those were not settled until late December. Who knows for 2011.

    They are looking at both spending cuts and tax increases. I believe everything is on the table.
    Mom2Just1Kiddo

    Answer by Mom2Just1Kiddo at 4:20 PM on Mar. 16, 2011

  • Ok, now what is EICT??
    Michigan-Mom74

    Answer by Michigan-Mom74 at 6:42 PM on Mar. 16, 2011

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