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The Earned Income Tax Credit (EITC) is a tax benefit for low- to moderate-income individuals. It is designed to help offset the burden of taxes and provide an incentive for work. The EITC is calculated based on income, filing status, and number of children. Taxpayers can claim the EITC on their tax returns to reduce their tax liability or receive a refund. Understanding how to calculate and report the EITC is important for eligible taxpayers.

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