Which of the following statements is false regarding the earned income credit (EIC) ?

A) Maximum amount of the credit depends on the earned income and number of children.
B) The credit is refundable.
C) If certain requirements are met,a taxpayer may receive advance payments of EIC.
D) A taxpayer without children cannot claim the credit.

Earned Income Credit

A tax credit that can be refunded to individuals and families with low to moderate income who are working, especially those who have children.

Refundable

Pertaining to certain tax credits or payments that can be refunded to the taxpayer if they exceed the amount of taxes owed.

Advance Payments

Payments made before they are due or before goods or services are received.