| The earned income tax credit came into | | | | to the IRS or you have no tax withheld then you |
| existence in the year 1975. It was mainly used to | | | | can still try to obtain credit. Some people may get |
| combat trends that had lead to poverty rate | | | | money back because this credit is a refundable |
| reductions and boosting the income of the poor. It | | | | credit. It is important to note here that if you try |
| also aimed at helping the welfare recipient making | | | | to fraudulent claim your tax credit then you |
| the transition back to work. This credit is | | | | earned income credit will be disallowed for a |
| available to employees who meet certain eligibility | | | | period of ten years. |
| criteria. | | | | The income limitations eligibility for earned income |
| Earned credit is a part of refundable credit that is | | | | credits depend upon marital status, family size as |
| available to you if you are a low income worker | | | | well as income. This credit can be for part time, |
| and meet the criteria. Earned income tax credit is | | | | full time and for single or married people. In some |
| a form of credit and it cannot be counted under | | | | cases childless workers can also claim this credit. |
| income. This credit is then deducted from the | | | | Earned income credit is not an income but it does |
| incomes for filing the tax return every year. | | | | offers lot of benefit to us. |
| Even if you don't own any tax on your tax return | | | | |