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What is a Transfer on Death Deed?
A transfer-on-death (TOD) deed, also called a beneficiary deed, looks like a regular deed used to transfer real estate. But there's a crucial divide: It doesn't take effect until your death. You are free to change your mind and revoke the deed at any time during your life.
The American Rescue Plan (ARP) temporarily expanded the existing small federal earned income tax credit (EITC) for low-wage working adults without children at home.
They increased the maximum credit and broadened the eligibility to younger and older workers.
This newly eligible population consists of childless adults between the ages of 19-24 and over the age of 65.
The expansion goes into effect this year (for those with earnings in tax year 2021) and will benefit millions of adult workers.
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