If you are looking to lose weight, however, the ACSM suggests getting closer to 250 minutes of moderate exercise a week. Exercising at a moderate pace on the elliptical for approximately 35 minutes per day falls in line with the ACSM's recommendations and is enough to give you optimal health benefits.
The federal EITC is a ârefundableâ credit, meaning that if the amount of a taxpayerâs EITC is greater than his or her liability before applying the credit, then the federal government actually owes the taxpayer money for that year.
The Earned Income Tax Credit, or EITC for short, is a credit designed to offer low-income households some much-needed tax relief. As a reminder, tax credits are generally more valuable than tax deductions because they reduce your tax liability dollar for dollar, whereas deductions simply exempt a portion of your income from taxes.