What is IRA?

 Traditional or Roth IRA?

IRAs means Individual Retirement Arrangements. There are four types of IRA-based retirement plans:  The two most popular ones are Traditional IRA and Roth IRA.

A traditional IRA is a personal savings plan that gives you tax advantages of saving for your retirement. 

What is Earned Income Tax Credit?

Earned income from employment

Earned Income Tax Credit, sometimes called EITC that is a tax credit to help you keep more of what you earned. To qualify, you must first meet certain basic requirements and then you must file a tax return to claim the credit. 

Do You Need to File a Federal Income Tax Return?

 Do you have to file?

Many people have already filed their 2013 Federal income tax return even though their income on the return was below the filing requirement.  The questions below will help you to determine if you need to file a Federal Income Tax Return for next tax season.