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PJW322 – Earned Income Credit

Course and Test $ 75.00
Course and Test PDF $ 55.00
Additional Hard Copy Test $ 12.00
Additional Online Test $ 12.00


SKU: PJW322 Category:

NASBA Color logo-1 inch

CPE Credit Hours: 4

Field of Study: Tax

Publication date: April 2021


The Earned Income Credit (EIC) is a refundable tax credit that has a significant impact on United States revenue. In fact, EIC claims in any year generally total more than $68 billion.

EIC claims are also increasing in both number and amount[1]. In the ten-year period ending in 2016, the number of EIC claims increased from 24.6 million to 27.4 million, an increase of 11.4%. Not only had the number of claims for EIC increased over the period, the average credit per family also increased by 23.5%, from $1,974 at the beginning of the period to $2,437 in the year the 10-year period ended. The combination of an increased number of EIC claims coupled with an increase in the average credit caused the total amount of EIC claimed to climb by 33.8% over the period from $48.5 billion to $64.9 billion[2].

In a recent year, 150.3 million individual federal tax returns were filed, and 27.4 million—18.2% of individual taxpayers—claimed the Earned Income Credit. Based on that percentage, it would not be unexpected that approximately one taxpayer in every five may claim the EIC.

[1] Source: Internal Revenue Service, Statistics of Income Division, Table 1, Individual Income Tax Returns: Selected Income and Tax Items for Tax Years 1999 – 2016.

[2] Source: Internal Revenue Service, Statistics of Income Division, Individual Income Tax Returns Complete Report: 2018.


More Information

This is a self-study CPE course.
Program level: Basic
Prerequisites: None
Advanced Preparation: None Required
Minimum Final Examination Passing Grade: 70%
Maximum Time Allowed To Complete Program: One Year From Date Of Purchase