Earned Income Credit – Tax Credit Requirements And Guidelines

BANKRATE | on Wed, Mar 15, 8:00 PM

Taxes[1] » Tax Credits[2] »Monkey Business Images/Shutterstock.comWorkers who don't earn much money or who lost a job last year may benefit from the earned income tax credit, or EITC. With this tax break, qualified individuals can get a portion of the taxes they paid reimbursed.It even can produce a tax refund for eligible filers who had no tax liability. Most tax credits are nonrefundable, meaning they simply zero out a tax bill. For example, you owe $800 and have a $1,000 credit. That credi...

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