The earned income tax credit, or EITC, is a tax break that can help low- to moderate-income working families save thousands at tax time. Whether you can claim, however, depends on your filing ...

What is the Earned Income Tax Credit? The earned income tax credit (EITC) is a federal tax break for low- and moderate-income workers with or without children. Also known as the earned income ...

Workers who are paid low wages − and in many cases are trying to raise children on overstretched paychecks − can qualify for a financial boost by claiming the earned income tax credit on their ...

The earned income tax credit is for low- and moderate-income workers. See the requirements and credit amounts for 2024 and 2025. Many, or all, of the products featured on this page are from our ...

Every year in January, the IRS dedicates a day to Earned Income Tax Credit (EITC) awareness. This tax credit, also known as the earned income credit (EIC) allows eligible people with low-to ...

Commissions do not affect our editors' opinions or evaluations. The earned income tax credit, or EITC, was first enacted in 1975 to provide financial assistance to working families with children.

The actual credit is a percentage of those expenses. See IRS Publication 503 for the formulas. Having a child could make you eligible for the Earned Income Tax Credit. If you have one child and ...

Why indeed? But that logic only hurts you, if you qualify for the earned income tax credit. Low- and modest-income workers could miss out on hundreds or even thousands of dollars in a tax refund ...

If you made money last year by working a job or running a business–you might qualify for the Earned Income Tax Credit (EITC). This credit is designed to help middle-class and low-income families ...

Low- and moderate-income earners are eligible for the earned income tax credit (EIC or EITC). This is a tax benefit that reduces the amount of taxes owed and can even result in a refund of taxes ...