Month: December 2022

Earned Income Credit (EITC)

The Earned Income Tax Credit (EITC) is a benefit for working people with low to moderate income. To qualify, the taxpayer must meet certain requirements and file a tax return, even if he or she does not owe any tax or is not required to file. EITC reduces the amount of tax the taxpayer owes and may give him or her a refund