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  2. Earned income tax credit - Wikipedia

    en.wikipedia.org/wiki/Earned_income_tax_credit

    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. Low-income adults with no children are eligible. [1]

  3. What is Earned Income Tax Credit and How to Qualify - AOL

    www.aol.com/earned-income-tax-credit-qualify...

    To qualify for the EITC for the 2021 tax year, you must: Have earned an income under $57,414. Have investment income below $10,000. Have a valid Social Security Number. Be a U.S. citizen or ...

  4. What Is the Earned Income Tax Credit (EITC)? - AOL

    www.aol.com/earned-income-tax-credit-eitc...

    The Earned Income Tax Credit (EITC) reduces tax bills for low-to-moderate-income working families. It's a tax credit that ranges from $560 to $6,935 for the 2022 tax year depending on your filing ...

  5. What is the Earned Income Tax Credit (EITC)? [Video] - AOL

    www.aol.com/finance/earned-income-tax-credit...

    The Earned Income Tax Credit (EITC) is one type of credit that can increase your refund or reduce the amount of taxes you owe. Watch this helpful video guide from TurboTax to learn more.

  6. Earned Income Tax Credit: Find Out if You Qualify - AOL

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    Here are some key takeaways to help you decipher if you qualify for the EITC 2023: Earned income can include wages, self-employment income, union benefits and more. As a refundable tax credit, the ...

  7. Tax credit - Wikipedia

    en.wikipedia.org/wiki/Tax_credit

    Money portal. v. t. e. A tax credit is a tax incentive which allows certain taxpayers to subtract the amount of the credit they have accrued from the total they owe the state. [1] It may also be a credit granted in recognition of taxes already paid or a form of state "discount" applied in certain cases.

  8. Earned income tax credit: What kind of income counts, who is ...

    www.aol.com/earned-income-tax-credit-kind...

    The maximum earned income tax credit in Michigan is $2,229 for 2023 for those with three or more qualifying children. Michigan lawmakers approved expanding the credit early last year, ...

  9. Income tax in the United States - Wikipedia

    en.wikipedia.org/wiki/Income_tax_in_the_United...

    Earned Income Tax Credit: this refundable credit is granted for a percentage of income earned by a low income individual. The credit is calculated and capped based on the number of qualifying children, if any. This credit is indexed for inflation and phased out for incomes above a certain amount. For 2015, the maximum credit was $6,422.

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