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In order to receive the EIC because of your child, cibai your child must be under eighteen years of age, under age twenty-four and currently taking post-secondary classes, or higher eighteen regarding age with disabilities that are cared for by a parent or gaurdian. When you tap on the 401(k), 403(b) or every other retirement plan before you reach 59? the IRS will fine you 10% of your taxable income for being irresponsible.

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