The “Earned Income Tax Credit”

The “Earned Income Tax Credit” also-known-as the EITC is a credit meant to help those who make very little income. The government offers those citizens a chance to keep a little bit of extra money in their pockets by lowering their tax obligations. However, there are a few stipulations to receiving this credit. You must, of course, have a valid U.S. social security number and have earned income for the year, whether it be in self or regular employment. You must also be filing as an individual (those who are married but filing separately do not qualify) and not be claimed as a...