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Jun-9th

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May-12th

Let’s say I lose the made earnings income income income income tax credit?

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Then it simply means that you will owe a larger tax bill than you would have otherwise owed because that credit goes away if you lose the Earned Income Tax Credit solely because of your investment gains. Below that level, so you may want to consider making another small investment such that, if you lose money on it, you would at least restore your earned income tax credit for the following year if you are close to the cutoff, a small investment loss would get you.

As an example, in the event that you qualified for the EITC in 2020 plus it seems like you’d be eligible for it once again in 2021 except which you attained $4,000 in investment income, contemplate using a few of your investment earnings to buy other short-term assets. (more…)

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