All taxpayers should be aware of the Earned Income Tax Credit (EIC). What is it? It's a refundable tax credit that lightens taxes paid by those with low income. It's vital to make sure you're getting it exactly as it should be because it helps you keep what you've earned.
Make Sure You Qualify: In order to qualify for The Earned Income Tax Credit, you have to meet certain criteria: a valid SSN, earned income, joint filing if you're married, U.S. citizenship, meeting minimum credit amount laws, have a child OR not qualify as a dependent for anyone, and being between the ages of 25 and 65. There are also other qualifying standards and criteria you can review.
Know What Qualifies As Earned Income: When it comes to determining what your earned income is, you can count salary, tips, taxable compensation, self-employment earnings, disability earnings, employer-furnished meals and lodging, military pay, strike pay and statutory wages.
I'm Louida from Atlanta, Georgia and I'm a mother of two daughters, and a full-time blogger/influencer.
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