Earned Income Credit - EIC


Earned Income Credit - EIC
A tax credit for low-income workers. Even workers whose incomes are too small to have paid taxes can get EIC.

This credit varies with family size, income and the number of children.


Investment dictionary. . 2012.

Look at other dictionaries:

  • earned income credit — A refundable tax credit on earned income up to a certain amount for low income workers who maintain a household for dependent children. The amount of the credit is reduced dollar for dollar if earned income (or adjusted gross income) is greater… …   Black's law dictionary

  • earned income credit — A refundable tax credit on earned income up to a certain amount for low income workers who maintain a household for dependent children. The amount of the credit is reduced dollar for dollar if earned income (or adjusted gross income) is greater… …   Black's law dictionary

  • earned income credit — A tax credit for taxpayers with children. Bloomberg Financial Dictionary …   Financial and business terms

  • Earned Income Tax Credit — Lohnauffüllung bezeichnet Formen der Lohnsubvention mit einem anteiligen Auszahlbetrag in Abhängigkeit vom erworbenen Einkommen. In der Regel meint man damit die Earned Income Tax Credit (wörtlich Arbeitseinkommensteuergutschrift ) der USA und… …   Deutsch Wikipedia

  • Foreign Earned Income Exclusion — The amount of income earned from a foreign source that is excludable from domestic taxation. The foreign earned income exclusion can only be claimed by those who meet the foreign residence or physical presence tests, who have a tax home in a… …   Investment dictionary

  • income tax — a tax levied on incomes, esp. an annual government tax on personal incomes. [1790 1800] * * * Levy imposed by public authority on the incomes of persons or corporations within its jurisdiction. In nations with an advanced system of private… …   Universalium

  • Income tax in the United States — UStaxationThe federal government of the United States imposes a progressive tax on the taxable income of individuals, partnerships, companies, corporations, trusts, decedents estates, and certain bankruptcy estates. Some state and municipal… …   Wikipedia

  • income — money that is being earned by the business. Glossary of Business Terms * * * income in‧come [ˈɪŋkʌm, ˈɪn ] noun 1. [countable, uncountable] money that you earn from your job or that you receive from investments: • The family pays more than 50% of …   Financial and business terms

  • Credit unions in the United States — Banking in the United States Monetary policy The Federal Reserve System Regulation Lending Credit card Deposit accounts Savings account Checking account Money market account Certificate of deposit …   Wikipedia

  • credit — Synonyms and related words: accept, accept for gospel, accept implicitly, acceptability, acceptation, acception, acclaim, account, account for, accounting for, accredit, accredit with, accrete to, acknowledge, acknowledgment, acquiescence,… …   Moby Thesaurus

  • income — Synonyms and related words: access, admission, avails, base pay, box office, capital gains, cleanup, clear profit, commissions, compensation, credit, credits, dismissal wage, disposable income, dividend, dividends, earned income, earnings,… …   Moby Thesaurus


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