Earned Income Tax Credit Basics (2018 & 2019)

The Earned Income Tax Credit (EITC) is one of the most significant tax credits available in the entire IRS tax code. It is also simultaneously one of the most complicated and popular tax credits as well. So I thought I should provide a long overdue basic overview of what the Earned Income Credit is, including qualifications, qualified children rules, maximum amount, income limits, income tables, calculators, and more. What is the Earned Income Tax Credit? Let’s start with a basic description of the Earned Income Tax Credit, which is also commonly referred to as the EITC, Earned Income...

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