What is the Earned Income Credit (EIC)?

Answer The Earned Income Tax Credit (EITC), sometimes called the Earned Income Credit, is a federal income tax credit for lower income families who qualify. In addition, some states have earned income ta... Read More »

Top Q&A For: What is the Earned Income Credit (EIC)

What is the earned income credit?

The Earned Income Tax Credit, or EITC, is a federal income tax credit for low-income families.Qualifications for the 2008 Tax YearQualifications may change with each tax year. The qualifications fo... Read More »

What is the Earned Income Tax credit?

some years ago when the SS rate was increased Congress felt it was hurtful to low income people, especially those with children in the hometherefore they came up with the earned income credit which... Read More »

Is there a minimum income to file for earned income credit?

There are no minimum income level requirements to file for the earned income credit. According to the Internal Revenue Service (IRS), several rules are in place regarding earned income tax credit e... Read More »

Does sick pay qualify as income for the earned income credit?

Sick pay does fall under earned income. The Internal Revenue Service allows two ways to make earned income: either someone you work for pays you or you work in your own business, so sick pay would ... Read More »