5 Facts About the Earned Income Tax Credit

by Intuit Turbotax | Jan 14, 2020   ()

For many Americans, it can be difficult to know which tax credits they qualify for and why. But tax credits are worth having because they provide meaningful savings on a filer’s overall tax contribution and, in some cases, lead to an increased tax refund.

One of the most beneficial and refundable tax credits for families with low or moderate incomes is the Earned Income Tax Credit (EITC).

Here are five facts about the EITC all taxpayers should know.

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Source: Intuit Turbotax
Source: Intuit Turbotax

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