Understand how the Earned Income Tax Credit (EITC) works - Foster The Money

Understand how the Earned Income Tax Credit (EITC) works

Learn about the social security program that refunds part of the income tax paid in the previous year.

Foster The Money.

EITEC is one of the social programs in the United States that lifted many families out of the poverty line.

This assistance initiative offered by the federal government seeks to help needy families financially.

This program generates great benefits for families: the opportunity to earn a better income and use that money to renovate the house, fix the car, pay bills, or finance studies, for example.

Earned Income Tax Credit is paid annually in a single installment deposited, in most cases, on March 1.

There are some specific requirements to be able to obtain the EITC, as well as tax return forms to request your refund.

See our content on the requirements to access the Earned Income Tax Credit and know if you qualify for the program!