The Earned Income Tax Credit (EITC) is a tax benefit designed to help low- to moderate-income working individuals and families. It reduces the amount of tax owed and may result in a refund, making it easier for eligible taxpayers to support themselves and their families. The credit amount varies based on income, filing status, and the number of qualifying children. To qualify for the EITC, taxpayers must meet specific income limits and have earned income from employment or self-employment. The credit is intended to encourage and reward work, providing financial assistance to those who need it most while promoting economic stability.