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The Earned Income Tax Credit (EITC) is a refundable tax credit for low-to-moderate income working individuals and families. It reduces the amount of tax owed and may result in a refund. The credit amount varies based on income, filing status, and number of qualifying children. For 2024, a step-by-step tutorial is available to guide taxpayers with 2 qualifying children on how to calculate and report the EITC using tables provided by the IRS.

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