Let’s talk about Earned Income Tax Credit (EITC) for a few moments, shall we? The EITC has been around for some 30 years, with its roots beginning back in the first Reagan term. IRS Pub 596 has a wealth of information on the subject (may be even a little more than you really wanted to know!). This is the most common “refundable” credit, meaning the taxpayer may get a refund regardless of their tax liability. To qualify, the first thing is the taxpayer must have “earned” income. We call that “sweat-of-the-brow” income – this is income that you WORKED for!