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 Form 886 H EIC Rev 10 Documents You Need to Provide You Can Claim the Earned Income Credit on the Basis of a Qualifying 2019

886 H Eic 2019-2025 Form

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Video instructions and help with filling out and completing Form 886 H EIC Rev 10 Documents You Need To Provide You Can Claim The Earned Income Credit On The Basis Of A Qualifying

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Instructions and help about what is form 886 eic

[Music] hi it's the tax geek again with more oversimplified information about your taxes today we ask the question can i qualify for an earned income credit the earned income tax credit is arguably the most important part of the tax law affecting low to moderate income wage earners it can provide needed financial assistance to these taxpayers and their families over 50 billion dollars in earned income credits are distributed to low to moderate income families each year making it the third largest social welfare program in the united states after medicaid and the food stamp program the idea of what would become the earned income credit had its roots in the early 1970s when the idea of a guaranteed national income was proposed in the form of a negative income tax eventually a tax credit to working individuals and families was proposed and the first earned income credit was enacted in 1975. the original maximum credit was just four hundred dollars but as time went on the credit wa

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