Earned Income Tax Credit Basics (2019 & 2020)

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 basic overview of what the Earned Income Credit is, including qualifications, qualified children rules, maximum credit amount, income limits, income tables, calculators, and more. Here is an overview of what is covered in this article: What is the Earned Income Tax Credit? Let’s start with a basic description of the Earned Income Tax Credit, which is also...

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