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Earned Income Credit
The Earned Income Tax Credit (EITC) is a tax benefit designed to make life easier for under-resourced families. Both the federal government and 33 states offer earned income tax credits. The federal EITC was enacted in 1975, and Rhode Island offered the first state EITC in 1986. Thanks to the American Rescue Plan Act related to the Covid-19 pandemic, some rules changed around the EIC. In general, they made the EIC an even greater benefit for those who qualify, but some changes are no longer in place for the 2022 tax year. More on that later.
Table of contents
What is Earned Income Tax Credit?...Read more
Why should I file for the Earned Income Tax Credit?...Read more
Who Qualifies for the Earned Income Credit?...Read more
What exactly are the income levels for the Earned Income Tax Credit 2022?...Read more
Do I need to have a child in order to qualify for the Earned Income Credit?...Read more
Qualifications for a tax filer's child to receive the Earned Income Credit...Read more
What disqualifies you from earned income credit?...Read more
Tax credit vs tax deduction...Read more
Are there other tax credits I can qualify for?...Read more
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