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Hey there! The Earned Income Tax Credit (EITC) is a refundable tax credit designed to help low-to-moderate income working individuals and families, particularly those with children. It reduces the amount of taxes you owe and may even give you a refund. The EITC is based on your earned income, filing status, and the number of qualifying children you have. For the 2022 tax year, the maximum EITC amounts are: - $7,430 for taxpayers with three or more qualifying children - $5,980 for taxpayers with two qualifying children - $3,670 for taxpayers with one qualifying child - $564 for taxpayers with no qualifying children To be eligible for the EITC, you must meet certain income limits, which depend on your filing status and the number of qualifying children. Additionally, you must have earned income (such as wages or self-employment earnings), have a valid Social Security number, and meet other criteria which can be found in the IRS publication on this topic. Keep in mind that the EITC is subject to income phase-outs, meaning the amount of the credit you can claim gradually decreases as your income goes up.