Earned Income Tax Credit. A refundable tax credit that supplements the earnings of low- and moderate-income workers. The EITC provides families incentive to work up to x income by refunding income tax credit, increasing the familyâ€(tm)s real income.
Earned Income Tax Credit. Reduces the amount of tax low-income workers owe (if any) and offsets some increases in living expenses and social security taxes associated with being part of the workforce. As of 1996, the EITC can provide as much as $3,500 to working families with incomes below $28,000.
See "Earned Income Tax Credit."
Earned Income Tax Credit; a means of reducing federal income tax or, possibly, receiving a payment from the IRS (Internal Revenue Service). Get more information at 1-800-829-1040 or www.irs.gov Read IRS Publication 596 to avoid mistakes in filing.
Earned Income Tax Credit. Refer to EITC for definition. See Income - Treatment of Income; Income - Special Income Types; Resources
Earned Income Tax Credit. A payment from the Internal Revenue Service for persons with earnings below a set amount. The EITC can be with the person's tax return, or a monthly addition to their wages (Advance Earned Income Tax Credit.) See Income -- Treatment of Income - Excluded and disregarded income; Clarifying Information; Income -- Treatement of Income - Income exclusions for SSI-related medical; Income - Special Income Types; and Resources
Earned Income Tax Credit. A federal income tax credit for low income working individuals and families. The credit reduces the amount of federal income tax owed and can result in a refund check.
Earned Income Tax Credit – A tax credit for eligible people who work and have income less than specified amounts. The amount of the credit is based on income, filing status and number of qualifying children, if any.
Earned Income Tax Credit. A refundable tax credit that is targeted to benefit low-income, working individuals and families. It has been described as the most effective anti-poverty program in America, helping more working families and more children move out of poverty than any other government assistance program.
