This up coming tax season may have some individuals receiving refunds nearly double what they've received in the past.
Cammy Loftin, President, Liquid Tax

Tax preparation has become a significant source of revenue for rent-to-own dealers. Liquid Tax, an Aggregate Tax Preparer and leading provider of tax prep solutions today's retailers need to help increase profits and customer counts with efficiency and automation, announced today that beginning January 2010, individuals with incomes less than $19,000 will most likely see the largest ever refunds this tax season.

"This up coming tax season may have some individuals receiving refunds nearly double what they've received in the past," says Cammy Loftin, president of Liquid Tax. "This means Liquid Tax dealers will have an overwhelming opportunity to take advantage of this increase by offering their customers tax prep services through Liquid Tax."

New for tax year 2009, is the additional EITC and income thresholds for a Third Qualifying Child and Changes to the Uniform Definition of a Child The change in the Uniform Definition of a Child adds two new rules to the definition of a "qualifying child." The child must:

-  Be younger than the person claiming the child
-  Not have filed a joint return other than to claim a refund

For more information on whether a child qualifies you for the EITC, see Publication 596, Chapter 2, Rules If You Have a Qualifying Child.
Earned Income and adjusted gross income (AGI) must each be less than:

-  $43,279 (48,279) married filing jointly) with three or more qualifying children
-  $40,295 ($45,295 married filing jointly) with two qualifying children
-  $35,463 ($40,463 married filing jointly) with one qualifying child
-  $13,440 ($18,440 married filing jointly) with no qualifying children

Tax Year 2009 maximum credit:

-  $5,657 with three or more qualifying children
-  $5,028 with two qualifying children
-  $3,043 with one qualifying child
-  $457 with no qualifying children

Investment income must be $3,100 or less for the year. The maximum of Advance EITC workers can receive from their employers is $1,826.

Source: IRS

For more infomration, contact:
Luz Pulgarin, Director of Business Development
Liquid Tax
888-541-4443
http://www.liquid-tax.com