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What is the earned income credit?

The earned income credit is offered to low to moderate income working families (especially those with children). The earned income credit is a refundable tax credit, which means that a family can qualify for the credit even if their taxable income is $0.

Criteria for taxpayers who qualify for the earned income credit are as follows:

1) Must live in the U.S. for more than half the taxable year;

2) Must not have more than a specified amount of income that is deemed disqualified

3) Must meet certain low-income thresholds

4) File a joint return with the taxpayer’s spouse (certain exceptions apply)


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