The Earned Income Credit (EIC or EITC) is a rare WIN-WIN component of the Internal Revenue Code. Win #1 goes to the taxpayer in the form of a "refundable credit" (i.e., a reduction in taxes that ...

The Earned Income Tax Credit (EITC) is a significant federal tax benefit designed to assist low- to moderate-income working individuals and families, particularly those with children. By providing ...

See how we rate tax products to write unbiased product reviews. The Earned Income Tax Credit is the largest tax credit available to Americans filing individual federal tax returns. The latest ...

Earned Income Tax Credit: This credit of up to $7,830 for those who have three or more qualifying children, can help low- and moderate-income workers and families (Gross Adjusted Income of $66,819 ...

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 ...