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Families that are considered with regard to poor or low income are given assistance from earned income credit, or EIC. The EIC is often a tax credit that helps such families with low earnings to keep a better standard of living. An EIC can translate to your tax refund of anywhere between $400 and $4,500. Will reveal will let you know that you can figure out if you are eligible for the EIC.

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The Tax Reform Act of 1986 reduced the particular rate to 28%, at the same time raising the bottom rate from 11% to 15% (in fact 15% and 28% became simply two tax brackets).

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