What is EIC?

May 4, 2011

Earned Income Credit (EIC) is a refundable credit (you will receive the credit even if you have no Tax). It is bases on your earned income alone if you are single and a greater credit amount should you have up to three children. you must have investment income (unearned income) of no more than $3,100 and the income earned is set each year (see EIC tables) for exact amounts for the 2010 tax year.

 

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