Definitions for "earned income tax credit"
Keywords:  eitc, refund, poverty, worker, wage
A relief from the Social Security tax for working, low-income individuals. Congress...
A tax credit available to low-income individuals who have earned income, such as wages, tips, and self-employment income. Certain low-income workers can file a tax return to get a tax refund for this credit, even if no income tax was withheld from the worker's pay. They can also apply to receive a portion of the credit in their paychecks throughout the year.
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.