The conversation between human and AI assistant.
How much do I pay in taxes at minimum wage?
Are there any tax benefits for low-income earners?
Yes, there are several tax credits available to low-income earners. For example, you might qualify for the Earned Income Tax Credit (EITC) which can reduce your federal tax liability and provide you with a refundable tax credit. You might also qualify for the Child Tax Credit if you have dependent children.