An “earned revenue credit score desk 2021 pdf” is a tabular information (noun) that gives the quantity of tax credit score (noun) obtainable to eligible taxpayers primarily based on their earned revenue (noun) and household dimension. For example, in accordance with the 2021 desk, a taxpayer with an earned revenue of $15,000 and one qualifying youngster might obtain a credit score of as much as $3,618.
The earned revenue credit score is significant as a result of it dietary supplements the revenue of low- and moderate-income working people and households. It helps carry thousands and thousands out of poverty and reduces the tax burden for many who qualify. A big improvement within the historical past of the earned revenue credit score was its growth in 1993, which made extra households eligible for the credit score and elevated the utmost credit score quantity.
