U.S. Financial Literacy and Education Commission
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Incorrect!

Explanation: The Earned Income Tax Credit (EITC), sometimes called the Earned Income Credit (EIC), is a refundable Federal income tax credit for low-income working individuals and families.  Households that earn more than the maximum income level (approximately $38,000) do not qualify for the credit.  But for people within the income limits above, the benefit could be worth thousands -- as much as $4,400 for a family with two children.  The average refund is approximately $1,850.

To locate a Volunteer Income Tax Assistance site, call the IRS at 800-829-1040.
To learn more about the EITC, please visit:

Understanding Taxes
Understanding EITC

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