Am I entitled to Tax Benefits?

These types of tax benefits will help to reduce the amount of money you owe. In some instances they will put you in a different tax bracket and you will get money back. One example is a tax break on defendants. If you have a dependent spouse or child then ensure they are named on the form as you will receive tax credits for them.

For low-income families, the Earned Income Tax Credit is a great way for them to get a large chunk of money back when they file their taxes. By completing these forms with your employer you will receive more money in your pay cheque which is a great bonus rather than waiting a year to get it refunded.

Donating items is a great way to help others out and you can also get tax benefits for it. When you donate food, clothing, or even vehicles you need to get a receipt for it. There are rules that apply regarding how much you can deduct though so make sure you discuss this with your tax preparer.

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