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The primary rule for EIC is that it is designed for low to moderate-income earners, and eligibility depends on income limits and the number of qualifying children. To qualify, your invested income and earned income must fall under specific thresholds outlined by the IRS. If you do not have qualifying children, you may still qualify based on your income. Knowing these rules can ensure you take full advantage of the IRS 1040 - Schedule EIC.
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