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What is earned income credit 2020?
To qualify for the EITC, you must. Have worked and earned income under $57,414. Have investment income below $10,000 in the tax year 2022. Have a valid Social Security number by the due date of your 2022 return (including extensions)
What is the difference between EIC and EITC?
What is the earned income tax credit (EITC)? The earned income tax credit, also known as the EITC or EIC, is a refundable tax credit for low- and moderate-income workers. For the 2022 tax year, the earned income credit ranges from $1,502 to $6,728 depending on tax-filing status, income and number of children.
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