Low- and moderate-income earners are eligible for the earned income tax credit (EIC or EITC). This is a tax benefit that reduces the amount of taxes owed and can even result in a refund of taxes ...

The EITC is based on a percentage of your earned income. Generally, you won’t qualify for the credit if you don’t have earned income. Examples of earned income include wages, tip income and ...

This tax credit, also known as the earned income credit (EIC) allows eligible people with low-to-moderate income ... The IRS has a chart on its website to help you determine what range applies ...

What is the Earned Income Tax Credit? The earned income tax credit (EITC) is a federal tax break for low- and moderate-income workers with or without children. Also known as the earned income ...

The earned income tax credit (EIC or EITC) is for low- and moderate-income workers. See qualifications and credit amounts for 2024 and 2025. Many, or all, of the products featured on this page are ...

The earned income tax credit, or EITC, is a tax break that can help low- to moderate-income working families save thousands at tax time. Whether you can claim, however, depends on your filing ...

Social Security COLA increase 2025 Chart: How much have benefits ... Income Tax Credit (EITC). The Earned Income Tax Credit (EITC) is designed to help low- and moderate-income workers with a ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Lea Uradu, J.D., is a Maryland state registered tax preparer, state-certified notary ...

The Earned Income Tax Credit (EITC) can reduce taxes and increase refunds for low- to moderate-income workers and families. The credit ranges from $632 to $7,830 for the 2024 tax year. General ...

If you made money last year by working a job or running a business–you might qualify for the Earned Income Tax Credit (EITC). This credit is designed to help middle-class and low-income families ...

What is the Earned Income Tax Credit? The earned income tax credit (EITC) is a federal tax break for low- and moderate-income workers with or without children. Also known as the earned income ...

is a refundable federal income tax credit that can reduce the amount of taxes you owe and may also give you a refund. The EITC is intended to help low- to moderate-income workers and families.