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What is Earned Income Tax Credit (EITC) and who is eligible?

April 26, 2017credit earned EITC eligible

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What is Earned Income Tax Credit (EITC) and who is eligible?

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EITC is a tax credit for certain individuals. The advance EITC allows certain taxpayers to receive their earned income tax credit in installments throughout the year instead of a lump sum during the following filing season. Those who expect to qualify for advance EITC can register in January. The credit will appear in each paycheck, equally dispersed throughout the year.