Earned Income Tax Credit: Explained in brief
The Earned Income Tax Credit (EITC), sometimes called the EITC, is a kind of tax credit called the EIC, which is a tax credit earned on low- and moderate-income workers. Eligibility for tax credits depends on many factors, including family size, tax records and income. When the EITC exceeds the tax owed, tax refunds will be issued to those who claim and qualify for the credit. The loan will be limited to income. How …