Changes in credit for work! 😱 🧐

Learn about the new changes this year.

The Earned Income Tax Credit is a federal tax benefit designed to support those who work and have low or moderate income in Puerto Rico.

This year, significant changes were introduced regarding who can apply for the credit and the total amount they can benefit from, here I mention them:

• Individuals without Dependents: 15% of Gross Earned Income, up to $1,656.

• Individuals with 1 Dependent: 33.98% of Gross Earned Income, up to $3,864.

• Individuals with 2 Dependents: 40% of Gross Earned Income, up to $6,072.

• Individuals with 3 or more Dependents: 44.83% of Gross Earned Income, up to $7,173.

Please feel free to contact me if you need more information on how to apply. I am here to help.