What is the Earned Income Tax Credit and Do You Qualify For It?
2:39
The Earned Income Tax Credit (EITC) in 3 minutes
2:56
Low Income Housing Tax Credit (LIHTC) in 3 minutes
A tax credit is a tax incentive which allows certain taxpayers to subtract the amount of the credit they have accrued from the total they owe the state. It may also be a credit granted in recognition of taxes already paid or, as in the United Kingdom, a form of state support.