Do you have to make a minimum amount of money before you can get earned income credit?
No. The Earned Income Tax Credit is a federal income tax credit for eligible low-income workers. The credit reduces the amount of tax an individual owes, and may be returned in the form of a refund. ChaCha!
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by Kayla S.
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About Make money
We all strive to make money - but what are the 'insider' secrets? Can you earn money at home? Are you able to make money by doing surveys? Does the internet provide well-paying jobs? All these questions, and a few more, will be answered!
About Tax Credit
Tax credits are deducted from the various forms of tax, which must be filed through the federal government, state, or local municipality. Most people think of tax credits as a discount.
About Income Tax
The Income Tax is a tax imposed by the Federal, most states and local governments. The income tax is determined by applying a tax rate to an income bracket. In 2011, taxes are due on April 15th.
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