Earned Income Tax Credit (EIC)
What is Earned Income Credit?
The earned income credit (EIC) is a tax credit for certain people who work and have less than $53,267 (2015) of earned income. A tax credit usually means more money in your pocket. It reduces the amount of tax you owe. The EIC may also give you a refund.
How do you get the earned income credit?
To claim the EIC, you must:
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Qualify by meeting certain rules, and
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File a tax return, even if you:
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Do not owe any tax,
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Did not earn enough money to file a return, or
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Did not have income taxes withheld from your pay
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