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Earned Income Tax Credit (EITC)The Earned Income Tax Credit (EITC) is a refundable tax credit for low to moderate income working individuals and families. Taxpayers who earned less than $49,078 in 2011 may qualify for EITC. The threshold amounts for 2011 tax returns follow:
Use the IRS.gov EITC Assistant to see if you qualify. Taxpayers must file a federal income tax return, even if they are not required to file, and claim the credit to receive it. Some states have a similar credit. For additional information about the Earned Income Tax Credit (EITC), search IRS.gov for EITC Questions and Answers. |