What taxpayers need to know to claim the earned income tax credit *
The Earned Income Tax Credit can give qualifying workers with low-to-moderate income a substantial financial boost. In 2019, the average amount of this credit was $2,476. It not only reduces the amount of tax someone owes but may give them a refund even if they don't owe any taxes or aren’t required to file a return. People must meet certain requirements and file a federal tax return in order to receive this credit. EITC eligibility A taxpayer’s eligibility for the credit may