The Earned Income Credit (EIC) Percentage Of Your Tax Reimbursement

The Earned Income Credit (EIC) Percentage Of Your Tax Reimbursement

The Earned Income Credit (EIC) percentage of your taxation reimbursement has unique treatment in Kansas. Kansas legislation considers the EIC percentage of your refund exempt (KEEP) in bankruptcy, but only when it meets the next two needs:

  1. The reimbursement should never have now been gotten in the right time your bankruptcy is filed.
  2. You may be only permitted to claim one 12 months of EIC reimbursement as exempt.

Which means you have to claim as exempt the EIC part of one taxation reimbursement that you definitely have not yet received. Continue reading “The Earned Income Credit (EIC) Percentage Of Your Tax Reimbursement”