WASHINGTON, Feb. 5 (TNSrep) -- The Congressional Research Service issued the following report (No. R43805) on Nov. 14, 2023, entitled "The Earned Income Tax Credit - How It Works and Who Receives It:" (Continued from Part 1 of 2) * * * Payment of the EITC The EITC is provided to individuals and families annually in a lump-sum payment after a taxpayer files a federal income tax return./22 Like all tax credits, the EITC can reduce income tax liability. And because the EITC is a refundable tax   more