Single Mom taking advantage of the EIC Earned Income Tax Credit

Earned Income Credit: The Only Things You Need to Know

Are you trying to figure out if you qualify for Earned Income Credit (EIC)? Also known as Earned Income Tax Credit (EITC).

Well, no need to worry.

Today we will go over what conditions need to be met, such as your filing status, income, number of kids and more.

In the case where the required conditions are met, you can then easily apply for the Earned Income Credit.

Read more

How to save $3000 in 6 months

How to Save $3,000 in 6 Months (Save Money Fast)

Do you think it’s hard to save $3000 in 6 months on a low income?

Saving money can be a difficult task and that isn’t completely our faults. Large corporations and their marketing departments are attempting to make spending money as easy and painless as possible, ultimately giving us a sort of high.

Also, using plastic (credit or debit cards) to purchase items is painless because with paper money, you hand over one amount and get less in return.

With plastic, you hand over your card and get your card back, eliminating the immediate trigger of pain relating to loss.

Now certainly there are some of our own habits that contribute to a savings shortfall, such as fast food eating and vending machine buying.

These need to be curbed or eliminated to boost saving potential.

Read more

Do I have to pay taxes on my hobby?

Is Your Side-Hustle a Hobby or Business for Taxes?

Have you started your side-hustle or thinking about starting one? If so, it’s time to determine how to turn your side-hustle from hobby to business.

Whether you’re an online influencer, travel blogger, artist or musician, you need to know your status and if the IRS recognizes your hobby as a business. This is important in determining if you need to file taxes.

So, let me explain the difference to you!

Read more