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AAPL 212.33 -0.7804% MSFT 382.96 -1.4767% NVDA 116.8399 -2.2506% GOOGL 160.37 -2.386% GOOG 162.43 -2.4854% AMZN 193.36 -1.2159% META 583.35 -3.5626% AVGO 189.11 -2.7712% LLY 820.095 -0.5656% TSLA 225.9557 -5.0646% TSM 173.6 -1.1143% V 334.155 -0.1181% JPM 234.72 0.3377% UNH 505.71 1.3406% NVO 81.065 1.1416% WMT 85.9 -1.7837% LVMUY 133.67 -0.0598% XOM 113.6 -0.1406% LVMHF 665.27 -0.9278% MA 528.85 -0.5902%

Home » Glossary

Earned income credit

Updated on August 29, 2023

Earned income credit (or EIC) is defined as a refundable tax credit made by the government (USA) to low-to-moderate-income earning individuals and couples, particularly with offspring. The amount of tax credit usually varies as per the income of an individual and upon the number of dependable on a person.

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