Earned Income Tax

The earned income tax is used for individuals who make less than $54k a year. This credit is one of the most overlooked tax break, according to many experts. The IRS estimate 26 million people received about $65.6 billion under this tax credit last year. The average amount received was more than $2,400 but it can be worth more than $6,000. Most people who qualified for the tax break do not apply for it. It’s huge. Especially for low income households, most people who applied couldn’t believe how much they qualified for. I was one of applicant who was eligible and did take advantage of the earned income credit and was also surprise of the amount received.
The rules surrounding earn income tax break are complex, people are not aware