The earned income credit, also known as the EIC, is a very important tax credit to accept in your federal tax return if you qualify for it. The EIC will help you to reduce the amount of money you owe in taxes or give you a bigger refund. However, it is important to make sure you qualify for it before accepting it.
The EIC is a tax credit. Tax credits help to reduce the amount of taxes you owe or increase the amount of your refund.
To qualify, Parts A, B, and D must apply to you if you have children or parts A, C, D must apply to you if you don’t have children. To learn about more about part A, B, C, and D, please view IRS publication 17, Chapter 36. You can also view it by clicking here.
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