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A credit card that can be used to pay your taxes. Money that you can use to pay your bills. The EITC is a refundable federal tax credit for low- income INDIVIDUALS and families. The money you receive from your employer in exchange for your work. What is the Earned Income Tax Credit (EITC)?
The Earned Income Tax Credit does have to do with your taxes, but it is NOT a credit card. Please try again. You cant do this with EITC Sorry, that is incorrect…
Close, but not quite… The money you receive as a result of the EITC can be used to pay bills, but that does not explain what the Earned Income Tax Credit is, so keep trying…
The money you receive from your employer in exchange for the work you do is your income, not the EITC. Try Again…
CONGRATULATIONS… You are correct!!! The EITC is the largest federal support program for low-income individuals and families. It is a refundable credit through the Internal Revenue Service (IRS). If you qualify based on your income, even when you have no tax liability, you will receive a tax refund. In most cases, EITC payments will not be used to determine eligibility for Medicaid, Supplemental Security Income (SSI), food stamps, low-income housing or most Temporary Assistance for Needy Families payments. To learn more about the Earned Income Tax Credit, visit: http://www.irs.gov/individuals/article/0,,id=96406,00.htmlhttp://www.irs.gov/individuals/article/0,,id=96406,00.html Bank of America Corporate Philanthropy Building on a long-standing tradition of investing in the communities it serves, Bank of America is delivering on a 10-year goal to donate $2 billion to nonprofit organizations engaged in improving the health and vitality of their neighborhoods. Funded by Bank of America, the Bank of America Charitable Foundation gave more than $200 million in 2010, making the bank one of the largest corporate cash donors in the United States. As a global company doing business in more than 100 countries, Bank of America approaches investing through a national strategy under which it works with local leaders to identify and meet the most pressing needs of individual communities. Reaffirming a commitment to develop and sustain a culture of service, bank associate volunteers contributed more than one million hours in 2010 to enhance the quality of life in their communities worldwide. For more information about Bank of America Corporate Philanthropy, please visit www.bankofamerica.com/foundation. www.bankofamerica.com/foundation
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