what is EARNED INCOME ? as in EIC form. Does it exclude interest earned?

Answer 1

Earned income is only money that you earned from salary, tips, etc. Interest and other forms of income have nothing to do with an EIC form.

The Earned Income Credit goes to people who have at least one child, have contributed at least 1/2 of the child's support for the year, and the amount you get depends on how much you made and if you are filing it for one or two children.