Which tax credit is available to low-to-moderate income workers to reduce their tax liability?

• A. Child Tax Credit
• B. Earned Income Tax Credit (EITC)
• C. Lifetime Learning Credit
• D. Education Tax Credit

Answer: (B)

The Earned Income Tax Credit (EITC) is specifically designed to assist low-to-moderate income workers by reducing their tax liability. This credit aims to incentivize and reward work, providing financial relief to eligible workers and their families. The amount of the credit can vary based on income levels, marital status, and the number of qualifying children, making it a crucial tool for those in lower income brackets.

In contrast, the Child Tax Credit primarily supports families with children, the Lifetime Learning Credit and Education Tax Credit focus on educational expenses and do not specifically target income levels in the same way that the EITC does. Therefore, the EITC stands out as directly benefiting low-to-moderate income workers seeking to lessen their tax burden.