Free solar panels, the TV ads say. Earn solar panels tax credits from the IRS, they tell you! When you see these ads that allow you to generate your own home solar power, are you impressed? Is Uncle Sam going to pick up 30% of your cost, like they promise? Is it true you only have to come up with the other 70%? Well, that is not necessarily the whole picture.
The Earned Income Tax Credit (EITC) is a tax benefit for working people who have low to moderate income. It provides a tax credit that is treated like tax withholding. It goes to pay an individual’s … Read More