The Earned Income Tax Credit (EITC) in 3 minutes
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- เผยแพร่เมื่อ 28 มิ.ย. 2012
- What is the Earned Income Tax Credit? How does it work? We explain in 3 minutes.
Summary: The EITC allows working families to keep more of their earned income. You cannot claim the EITC on your taxes if you make more than $50,000 a year, or if you made $0. See if you qualify at www.irs.gov/eitc
CEDAM members can download a copy of this video here: cedam.info/resources/videos/
This video is part of Episode 7 of The Bright Side, produced by CEDAM. Credits: • Ending to Michigan $av...
Music: "Jarvic 8" by Kevin MacLeod incompetech.com - ภาพยนตร์และแอนิเมชัน
Great job with this presentation.
Great video! Thanks!
Thank you, it was very useful !
Thank you for the information
It’s weird because I filed with turbo tax and my refund was $1032 the irs made changes to my taxes so now am only getting $232 back ? I also check that earned income credit and it say $1,209 , is that the amount I’m being credited ?
Thank u so much 💜
you have not said how to calculate the amount of the EITC
The EITC has helped many taxpayers to reduce their tax liabilities. It's really quite simple, as this video aptly presents.
It's a giveaway program for lazy people who spend too much time fucking . After they get the money they quickly spend it on themselves buying junk .
it still doesn't tell me how to calculate it
Hi everybody I make $36,00,yr no dependent can I claim eict
please, dont have kids If you make $30k.
lol, being single, of course.
jeanqbxx I'm not going to have a kid unless a have at least a million in the bank
That's not the DemokRat way of "Make Voters 1st, don't sweat the conzikwinsez, Bro. It's All Good!"
@North American TH-camr You called it a year ago and so many realizing & experiencing the truth and reality you conveyed then.
Idiocracy movie, explains it all LOL
Does Social Security count as earned income??? I did earn it.
+Kathy Cracroft No. Those who are 65 or older do not qualify for Earned Income Credit because they are eligible for Social Security.
Nope, in order to qualify for EIC you needed to have actually worked for income not just have it given to you like social security or tax interested accumulated by a bank etc.
I like how this lady just blindly assumes what people will do with the refund. As if everyone who receives it is going to use it for some vital necessity and not to buy a new tv or iphone
There are statistics for that, and the top usages of the EITC are in the order she mentioned
'Cose theyze gonna spend it on debt reduction...
w/ all theyze winnings from duh ca$ino, dontcha kno!😆
$100 to take care of you're kid and send him to college. America home of the poor and rich
The Entitled.
That's just a simplification, the actual credit is much higher.
"The people who need it most" funny. There's this lady that works with my sister that claims this and gets thousands of dollars back. She doesn't work like a third of the year on purpose to qualify for it. total bs
My friend... that lazy bitch is no "lady" ..... she's a leech on the Working American's tax dollars and the system. These fucks should be cut off, if not weeded out. There are far too many loopholes for the rich as well.
Hit that fucking nail on the head.....
You didn't have 2 say female wuz Entitled. Anybody 4 repealing the 1964 Civil Rights Act?
Unlike a lot of other welfare programs, the EITC is designed so it's always better to earn more money instead of less (no welfare cliffs) so she's making wrong calculations or is doing that for something else.
Well those are a small group of people we call "free riders" in economics. There will always be free riders in every scenario in which the government subsidizes. For example, pure public goods like the police or military. You will still be protected by the police and military even if you do not pay taxes, because you can't single out each individual that doesn't pay taxes, and ensure that the police and military do not protect them. I mean our former president Trump didn't pay income taxes and was still able to have taxpayer funded goods.
It is basic economics and it will always exist. The EITC, overall, does a lot more good to low income families than bad.
But if the Republicans abolished the Income tax you would get a full refund and no need for tax credits.