EIC Archives

Knott Learning

Earned Income Tax Credit – How to Calculate the Credit

The earned income credit (EIC) helps low income taxpayers reduce their federal tax liability. This article and video cover a sample calculation for the 2023 tax year.

Jason Knott2024-08-20T10:02:46+00:00Tags: Earned Income Tax Credit, EIC, EITC, Form 1040|

Earned Income Tax Credit for 2024 – How to Claim with Two Qualifying Children

The Earned Income Credit (EIC) is a federal tax credit used by families to reduce their federal tax liability. This tutorial examines how to claim the EIC with two qualifying children.

Jason Knott2024-08-29T08:25:52+00:00Tags: Earned Income Tax Credit, EIC, EITC, Form 1040|

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