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by lokar 888 days ago
Some very low income workers that get the EIC end up with a net payment.
1 comments

TIL!

Every tax form I’ve ever filled out has an instruction like:

> Enter the lesser of lines X and Y

when applying deductions and credits to prevent them from exceeding some value.

I’m surprised to learn that the EIC isn’t clamped like this.

As noted elsewhere, the EITC is a so-called "refundable" credit. It wouldn't serve its intended purpose if it wasn't refundable.
It is a refundable credit