topic What is earned income credit ? in Deductions & credits

What is earned income credit ?

pbha05 — Tue, 09 Mar 2021 04:36:09 GMT

I cant understand EIC - earned income credit ?

Re: What is earned income credit ?

Bsch4477 — Tue, 09 Mar 2021 04:43:56 GMT

https://blog.turbotax.intuit.com/tax-deductions-and-credits-2/happy-earned-income-tax-credit-awareness-day-are-you-eligible-18892/amp/

Re: What is earned income credit ?

DavidD66 — Tue, 09 Mar 2021 04:47:21 GMT

The Earned Income Tax Credit (EITC) helps low- to moderate-income workers and families get a tax break. If you qualify, you can use the credit to reduce the taxes you owe – and maybe increase your refund.

You may claim the EITC if your income is low- to moderate. The amount of your credit may change if you have children, dependents, are disabled or meet other criteria.

To figure the credit, see Publication 596, Earned Income Credit.