Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What is the Earned Income Tax Credit (EITC)?

April 26, 2017credit earned EITC individuals

0

Posted

What is the Earned Income Tax Credit (EITC)?

5 Answers

0

Posted

A1. The earned income credit (EITC) is a tax credit for certain people who work and have low wages. A tax credit usually means more money in your pocket. It reduces the amount of tax you owe. The EITC may also give you a refund.

0

Posted

The EITC is a special credit that reduces the amount of tax you owe (if any) and is intended to offset some of the increases in living expenses and social security taxes. For further information, refer to the Earned Income Tax Credit page at the IRS website.

0

Posted

The earned income tax credit (EITC) is a tax credit for certain people who work and have earned income in tax year 2006 under $38,348. A tax credit usually means more money in your pocket. It reduces the amount of tax you owe. The EITC may also give you a refund.

0

Posted

The EITC is a special credit that reduces the amount of tax you owe (if any) and is intended to offset some of the increases in living expenses and social security taxes. For further information, refer to the Earned Income Tax Credit page at www.IRS.gov. You need to complete a W-5 form if you qualify for the credit, and a new form must be filed each calendar tax year to continue receiving the credit.

0

Posted

We, GetYourTaxRefundNow.com, work hard to increase your refund and Earned Income Tax Credit (EITC) (or Earned Income Credit (EIC), which is the thing) is one of the most important areas that we look at. In fact, most of the taxpayers who e-file online may not even be aware of the fact that they could be qualified to get a tax refund as much as $4,824.00. When you e-file online with us, we’ll pay particular attention to details like these to get you the maximum tax refund you deserve. The earned income credit (EITC) is a tax credit for certain people who work and have low wages and it usually means more money in your pocket by either reducing the amount of tax you owe or giving you a refund.