Meaning earned income tax credit
What does earned income tax credit mean? Here you find 8 meanings of the word earned income tax credit. You can also add a definition of earned income tax credit yourself
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earned income tax creditDefinition A relief from the Social Security tax for working, low-income individuals. Congress originally approved the tax credit in 1975 to offset the burden of Social Security taxes and to provide a [..]
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earned income tax creditA refundable tax credit for eligible low income workers, subject to computations based on qualifying children and phase in and phase out income levels.
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earned income tax creditA refundable federal tax credit for low-income working people designed to reduce poverty and encourage labor force participation.
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earned income tax creditis a tax credit for low-income workers.
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earned income tax creditEarned Income Tax Credit is a kind of tax designed to encourage low-income workers. It is refundable and helps taxpayers to overcome the burden of U.S. payroll taxes. It is a tax credit given to a cer [..]
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earned income tax credit(EITC): A federal refundable tax credit for low- to moderate-income working persons and families. Food Bank For New York City’s Tax Assistance Program completed more than 40,000 tax returns for low-income New Yorkers last year, helping to bring more than $60 million in tax refunds and credits back into the city.
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earned income tax creditEnables taxpayers earning low to moderate wages to receive a larger federal tax refund.
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earned income tax creditThe Earned Income Tax Credit is a refundable individual income tax credit for certain persons who work.
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