Earned Income Tax Credit (otherwise known as EITC) is a credit for designed for low to moderate income citizens. A tax credit reduces the taxes you own and could also qualify you for a refund. In order to even have a chance at getting this tax credit, you must file a tax return even if you don't owe the IRS a dime - and even if you're not required to file. The IRS will not come to your door saying "Hey, you've got money!"... Nope, you have to claim it. If you don't ask, you don't … [Read more...] about What Is Earned Income Tax Credit?
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