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What does EITC mean?

Looking for the meaning or definition of the word EITC? Here's what it means.

Initialism
  1. (US, taxation) Earned Income Tax Credit
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A lot of hard work had gone into EITC before her arrival, but she transformed the charity from, in footy parlance, mid-table plodders to Champions League winners.
So even if a worker owes no income tax, the EITC effectively defrays her payroll taxes.
What I usually depend upon is the tax credits from the kids and the EITC to offSet the Se tax.

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