What is "Earned Income Tax Credit"?

 The Earned Income Tax Credit (EITC) is a tax credit for low- and moderate-income working individuals and families. It can reduce the amount of tax you owe, and in some cases, can even result in a refund.

To qualify for the EITC, you must meet certain requirements, including:

* You must have earned income from a job, self-employment, or other sources.
* Your earned income must be below a certain level, depending on your filing status and number of children.
* You must meet certain rules about filing status, residency, and citizenship.

If you qualify for the EITC, the amount of your credit will depend on your earned income and filing status. For example, a single filer with no children can claim up to $1,502 in EITC if their earned income is below $15,800. A married couple filing jointly with three children can claim up to $6,935 in EITC if their earned income is below $59,187.

You can claim the EITC on your federal tax return. If you qualify, you may also be able to claim the EITC on your state tax return.

To learn more about the EITC, visit the IRS website at www.irs.gov/eitc.