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Earned Income Tax Credit 2024: Here’s what you need to know
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Earned Income Tax Credit 2024: Here’s what you need to know

What is the earned income tax credit?

The Earned Income Tax Credit (EITC) is a federal tax credit for low- and moderate-income workers with or without children.

Also known as the Earned Income Credit (EIC), the amount you get depends on your income, filing status and number of eligible children. It is also a refundable creditmeaning you can get a tax refund even if you owe no tax.