Did you know there's a special tax credit that can help families with lower incomes? It's called the Earned Income Tax Credit (EITC)! It's like getting some of your money back from the government. It's been around since 1975 and helps millions of people each year.
- EITC gives money back to people who work but don't earn a lot.
- The amount you get depends on how much you earn and how many kids you have.
- The IRS (the tax office) is trying to make it easier for people to claim the EITC.
| Number of Children | Maximum Credit (2024) |
|---|---|
| 0 | $660 |
| 1 | $4,000 |
| 2 | $6,300 |
| 3 or more | $7,830 |
