Although most taxpayers have already felt the affect of these tax provisions being made permanent it is worth mentioning with some explanation. The threshold amount for the refundable portion of the Child Tax Credit has been made permanent at an unindexed $3,000. The increased in maximum credit amount for the American Opportunity education credit has been made permanent at $2,500. The increased eligibility for the Earned Income tax Credit for taxpayers with 3 qualifying children has been made permanent. This might not make sense to many of you, but that’s why I’m here. Give me a call to discuss your situation.
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