(USA) Earned Income Tax Credit.... Add a comment

Earn Income Credit

Earned Income Credit. The Earned Income Credit is a refundable federal or state tax benefit designed to help low-income workers increase their financial stability and maintain their independence from the welfare system. It has several important purposes: to reduce taxes, supplement wages, and make work more attractive than welfare.

Earned Income Credit. A refundable tax credit for certain people who work and have earned income under a certain amount. EIC may reduce the amount of tax you owe and may also give you a refund.

Earned Income Credit. An advance-of-filing refund of Federal income tax based on expected earned income, filing status, non-excludable income, maintenance of a household and at least one dependent child. (See specific requirements on the Earned Income Credit Advance Payment Certificate (W-5).)

Earned Income Credit. A tax credit that is available to low-income employees. It may be taken when the employee files his or her individual tax return, or partially paid in advance by the employer during the year.

Employee in charge (of on-track safety)

Earned Income Credit. A tax credit available to certain low-income employees. It may be taken with the employee's Federal Form 1040 (Individual Tax Return), or paid in advance by the employer during the year on each paycheck.

or EITC - Earned Income Tax Credit, a federal and Wisconsin benefit that supplements the wages of poor families.