What is the earned income tax credit for 2016?

A credit for people who work, have a Social Security number and have an income below specific thresholds. EITC is a refundable tax credit, which means you may get money back even if they have no tax withheld. Requirements vary for those with or without children. read more

The Earned Income Tax Credit, EITC or EIC, is a benefit for working people with low to moderate income. To qualify, you must meet certain requirements and file a tax return, even if you do not owe any tax or are not required to file. read more

The IRS revenue procedure has a table providing maximum credit amounts for other categories, income thresholds and phase-outs for the 2016 EITC. It is updated yearly and below is the most current amounts to claim the earned income tax credit in 2016. Below is a current earned income credit tax table for tax year 2016. read more

One such credit is the Earned Income Tax Credit. The Earned Income Tax Credit, or EITC, is a federal tax credit that can save eligible low-income Americans money on their taxes. You must meet certain criteria to file for the EITC, but if you qualify, you could receive up to $6,318 for 2017. read more