The U. S. Treasury funds a program for low income, single mothers, which is administered by the IRS. The method for obtaining your money is simple ... merely allow us to file a tax return with the proper information and the IRS will wire your funds.
The cash the IRS sends you is not a loan and is not taxable. It’s all yours. It doesn’t get returned.
The rules are complicated, but basically:
A single mother, who qualifies as ‘Head of Household’ with two children aged 17 years or younger and an earned income of $18,000 can receive almost $10,000 – this is from the Earned Income Tax Credit (“EITC”) and Child Tax Credit (“CTC”). This number is an estimate only and is subject to several additional rules published by the IRS which we will integrate into your tax return for your final review and approval.
The CTC funds which you receive for your children is not dependent upon earning income. However, the EITC begins at zero and grows larger as your earn more. Generally, once your income exceeds $24,000 the amount of EITC becomes smaller and smaller. Please remember that the rules are extensive and complicated and the comments and amounts in this website are estimates and averages ONLY.
The IRS operates at its own time schedule, and we have no control whatsoever over the funding dates. Generally, however, you can expect to receive your funds within four weeks of our efiling your tax return if all the data you gave us is correct.
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