What is the Earned Income Tax Credit? The earned income tax credit (EITC) is a federal tax break for low- and moderate-income workers with or without children. Also known as the earned income ...

The Internal Revenue Service is reminding tax filers about a key credit worth up to $7,830. The federal Earned Income Tax Credit is designed for low to moderate-income wage earners and is fully ...

To qualify as a new parent, you must have earned income in 2024 and have work-related childcare expenses, among other rules. You can seek the credit for up to $3,000 of expenses for one child ...