Earned Income Tax Credit

The Earned Income Tax Credit (EITC) is a tax benefit designed to support low- to moderate-income working individuals and families. If you qualify, it reduces the amount of taxes you owe, and in some cases, it can result in a refund even if you didn't owe any taxes. The amount of the credit depends on your income, marital status, and number of children. Essentially, it's a financial boost aimed at encouraging work and helping people meet their basic needs, making a significant difference for many households each year.