The earned income tax credit offers up to $6,660 for qualified filers—yet too many Americans don’t seem to know about it. How does the earned income tax credit work? The earned income tax credit (EITC) is primarily designed to provide financial assistance to working families with children. Note that unemployment income does not count as earned income, so it can’t be included as part of your calculation. Lastly, consider the Volunteer Income Tax Assistance program, known as VITA, which offers in-person (socially distant) services at various locations throughout the country.

Source: The Nation February 17, 2021 17:05 UTC