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Americans are now beginning to apply more focus and attention towards preparing their tax documentation as tax time is quickly approaching. Approximately, thirty three percent of the American population will utilize software that will help to support individual completion of one’s taxes. The trendline of American’s that utilize such software is on the rise as the software becomes more accessible and easier to follow. The tax software is intended to provide easy to understand step-by-step guidelines for figuring out ones specific tax situation . It allows for tax completion in the privacy of the home or office and also allows for online filing of the tax documentation once complete. Approximately seventy percent of all returns were e-filed, filed via the internet, last year. Every year includes its share of tax changes that Americans need to be aware of so it is pertinent that old software be updated. In 2010, earned income tax changes were applied as the maximum amount of the credit has increased. If you have qualifying children, the most you can get is $5,666 dollars of credit for three or more qualifying children. One gets $3,050 if they have one qualifying child and $5,036 if they have just two children that qualify. This is just one of the many changes that Americans need to be aware of for tax documentation completion this year. Author: Genny Germano
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