Earned Income Tax Credit
The Earned Income Tax Credit (EITC) is a federal income tax credit for workers who don't earn a high income, and who meet certain eligibility requirements. Taxpayers who qualify and claim the credit can pay less federal tax, pay no tax, or even get a tax refund. Individuals do not need to have children to claim EITC. The maximum amount of the credit for Tax Year 2012 is $5,891. The average amount of EITC credited for 2012 was $2,200.
Last updated: 9/3/2014 1:20:13 PM
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