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  2. en.wikipedia.org › wiki › Earned_income_tax_creditEarned income tax credit - Wikipedia

    The United States federal earned income tax credit or earned income credit ( EITC or EIC) is a refundable tax credit for low- to moderate-income working individuals and couples, particularly those with children. The amount of EITC benefit depends on a recipient's income and number of children.

  3. www.irs.gov › credits-deductions › individualsEarned Income Tax Credit (EITC) | Internal Revenue Service

    May 23, 2024 · The Earned Income Tax Credit (EITC) helps low- to moderate-income workers and families get a tax break. If you qualify, you can use the credit to reduce the taxes you owe – and maybe increase your refund. Did you receive a letter from the IRS about the EITC? Find out what to do.

  4. www.irs.gov › about-irs › a-closer-look-at-theA Closer Look at the Earned Income Tax Credit | Internal ...

    By Gwen Garren. CL-22-04, February 17, 2022. Most people think of the IRS as the agency that collects taxes, but you may not know that every year, our agency distributes billions of dollars in tax credits to eligible individuals, families and businesses.

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  6. crsreports.congress.gov › product › pdfThe Earned Income Tax Credit (EITC): A Brief Legislative History

    Mar 20, 2018 · The earned income tax credit (EITC), when first enacted on a temporary basis in 1975, was a modest tax credit that provided financial assistance to low-income, working families with children.

  7. taxfoundation.org › earned-income-tax-credit-eitcEarned Income Tax Credit (EITC): A Primer | Tax Foundation

    May 21, 2019 · The Earned Income Tax Credit (EITC) is used to offset income and payroll tax es for low-income workers. Since it was enacted in 1975, the EITC has undergone several reforms and expansions, becoming a major tax expenditure and anti-poverty policy in the United States.

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  8. crsreports.congress.gov › product › pdfThe Earned Income Tax Credit (EITC): Legislative History

    Apr 28, 2022 · The earned income tax credit (EITC), when first enacted on a temporary basis in 1975, was a modest tax credit that provided financial assistance to low-income, working families with children.

  9. www.irs.gov › newsroom › eitc-awareness-dayEITC Awareness Day: Important changes mean more people ...

    Jan 28, 2022 · IR-2022-20, January 28, 2022. WASHINGTON – More people without children now qualify for the Earned Income Tax Credit (EITC), the federal government's largest refundable tax credit for low- to moderate-income families. In addition, families can use pre-pandemic income levels to qualify if it results in a larger credit.

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