Earned Income Tax Credit (EITC)
TaxesA refundable tax credit for low-to-moderate income workers that can reduce tax owed or increase refund.
Example
Example: On a $75,000 salary, understanding earned income tax credit (eitc) could save you hundreds or thousands at tax time. For instance, if you are in the 22% marginal bracket, knowing how earned income tax credit (eitc) works helps you make smarter decisions about deductions, credits, and withholding. Check your tax picture with our income tax calculator.