An “earned revenue credit score desk 2021 pdf” is a tabular information (noun) that gives the quantity of tax credit score (noun) accessible to eligible taxpayers based mostly on their earned revenue (noun) and household measurement. As an example, in keeping with the 2021 desk, a taxpayer with an earned revenue of $15,000 and one qualifying little one could obtain a credit score of as much as $3,618.
The earned revenue credit score is important 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 major growth within the historical past of the earned revenue credit score was its enlargement in 1993, which made extra households eligible for the credit score and elevated the utmost credit score quantity.
