Earned Income Tax Credit: Understand and Maximize Benefits


Earned Income Tax Credit (EITC) is a tax credit for eligible working individuals and families. This credit helps taxpayers reduce the amount of income taxes paid and enables those who qualify for EITC to receive a refund even when no taxes are owed. Eligibility for the credit is based on income and family size and is available to individuals and families who have an earned income from employment, self-employment, or farming. The credit also helps to supplement wages of lower-income individuals and families, making it beneficial to those living on limited incomes.

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