2/16/2012

EITC

EITC, the Earned Income Tax Credit, sometimes called EIC is a tax credit to help you keep more of what you earned.
The United States federal earned income tax credit or earned income credit (EITC or EIC) is arefundable tax credit primarily for individuals and families who have low to moderate earned income. Greater tax credit is given to those who also have qualifying children. When the tax credit exceeds the amount of taxes owed, it results in a tax refund to those who claim and qualify for the credit. This tax credit is provided, in part, to offset the burden of social security taxes and to provide an incentive to work.

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