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There is also the prepayment of EITC. I know that we have always in the past counted on it reducing our tax bill. Now it's direct deposited each month into ou
by beauzero 5y ago
There is also the prepayment of EITC. I know that we have always in the past counted on it reducing our tax bill. Now it's direct deposited each month into our account. We have had to take it out and save it going forward to pay against our future tax bill. It's going to make a lot of people unhappy when they realize in March/April that the money wasn't additional or "new"...it's money you have always subtracted from your tax bill if you had a net liability at the end of the tax year.