Earned Income Tax Credit

Also found in: Acronyms, Encyclopedia, Wikipedia

0.01 sec.

Also called the EITC. A dollar-for-dollar reduction in the tax liability for lower and middle income persons in the United States. The credit is applied against taxes owed on wages, salaries, tips and other forms of earned income. Investment income is excluded and one may not have more than a certain amount of investment income to be eligible for the credit. Households with children may receive larger credits. The EITC is refundable, meaning if the credit causes one's tax liability to go below zero, one receives the difference from the IRS.

How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content.

?Page tools

Printer friendly
Cite / link

Feedback
Add definition

Mentioned in	?		References in periodicals archive	?		Financial browser	?		Full browser	?
Earned Income Credit Exempt Income Form 1040 (Schedule EIC) Health Insurance Credit Internal Revenue Service Restructuring and Reform Act of 1998 Notice 797 Publication 15-T Publication 596 Publication 962 Refundable Credit tax credit Volunteer Income Tax Assistance			Information about the earned income tax credit and how to claim it is also available on IRS. 21,000 Oregonians due 2005 tax refund by The Register-Guard (Eugene, OR) The Worcester Earned Income Tax Credit Coalition, the city and 22 partners, held a press conference at City Hall to publicize the Earned Income Tax Credit and free income tax preparation and filing assistance that will be available at four sites in the city for qualified taxpayers. Groups say US tax credit will help the working poor; Free income tax ... by Telegram & Gazette (Worcester, MA) More than 6,000 nonprofit organizations and government agencies participate in the center's National Tax Credit Outreach Campaign, which focuses on increasing awareness of the earned income tax credit and child tax credit. Center on Budget and Policy Priorities by The Tax Adviser			EAFE Index Eager Beaver Earliest Finish Time Earliest Start Time Early Amortization Early Bargain Early Distribution Early Exercise Early Extinguishment of Debt Early Fringe Early Harvest Early Intervention Program early occupancy Early Retirement Early Settlement Early Withdrawal Early Withdrawal Penalty Early-Retirement Benefits Earmark Earmarked Reserves Earn a Living Earn-Out Earn-Out Agreement Earned Income Earned Income Credit Earned Income Tax Credit Earned Premium Earned Rate Earned Revenue Earned Right Earned Surplus earnest money earnest money contract Earning Asset Earning Power Earning the Points Earnings Earnings Announcement Earnings Before Interest After Taxes Earnings Before Interest and Tax Earnings Before Interest and Taxes Earnings before interest and, taxes Earnings Before Interest, Taxes, and Depreciation Earnings Before Interest, Taxes, Depreciation and Amortization Earnings Before Interest, Taxes, Depreciation, Amortization, and Rent earnings before interest, taxes, depreciation, and amortization Earnings Before Taxes Earnings Calendar earnings capitalization rate Earnings Credit Rate Earnings Enhancement Benefit			earned earned earned earned earned earned Earned a Living earned an honest penny earned an honest penny Earned Assets Resource Network earned corn earned corn earned corn earned corn Earned Day Off Earned doctorate Earned Good Conduct Time Earned Good Time Abatement Earned Home Payments Account Earned income Earned income Earned income Earned income Earned income Earned income credit Earned income credit Earned income credit Earned Income Credits Earned Income Disregard Earned Income Tax Earned Income Tax Credit Earned Income Tax Credit Alliance Earned Income Tax Credits Earned Incomes Earned Incomes Earned Incomes earned keep earned keep earned keep earned keep Earned premium Earned premium Earned premium Earned premium Earned premium Earned premium Earned Premiums Earned Rate Earned Rates Earned Revenue Earned Revenues Earned Right Earned Rights earned run earned run average earned run average Earned Run Average Plus Earned Run Out Earned runs Earned runs Earned Runs Saved Above Average

Financial Dictionary

Free Tools:	For surfers: Free toolbar & extensions \| Word of the Day \| Help For webmasters: Free content \| Linking \| Lookup box \| Double-click lookup \| Partner with us

Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.