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 What is the meaning of earned income credit for taxes?

Answer The federal government introduced the Earned Income Tax Credit (EITC) during the mid-1970s. Since then, it has become one of the most popular pieces of tax code and essential for many low-income fa... Read More »
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What is earned income for taxes?

Earned income is generally money you work for, rather than money derived from other sources, such as interest. The Internal Revenue Service (IRS) taxes most earned income, and provides an "earned i... Read More »
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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 »
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What is the Earned Income Credit (EIC)?

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 »
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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 »
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