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EITC (Earned Income Tax Credit)

A refundable credit for low- and moderate-income workers, worth up to about $8,000.

Why it matters

Amount depends on earned income and number of qualifying children. Fully refundable — often the largest refund a low-income filer receives. Roughly 20% of eligible households don't claim it.

See also

Educational only — not financial, tax, or legal advice.