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earned income credit

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Financial Dictionary

Earned Income Credit - EIC

A tax credit for low-income workers. Even workers whose incomes are too small to have paid taxes can get EIC.

Investopedia Commentary

This credit varies with family size, income and the number of children.

Related Links

Increased Savings Opportunities
Five Tips for the Tax-Smart Investor
Using Tax Lots: A Way To Minimize Taxes

See also: Earned Income, Tax Credit

Also spelled: EIC

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