Terms Beginning With 'e'

Earned income credit

  • January 02, 2020
  • Team Kalkine

Earned income credit (or EIC) is defined as a refundable tax credit made by the government (USA) to low-to-moderate-income earning individuals and couples, particularly with offspring. The amount of tax credit usually varies as per the income of an individual and upon the number of dependable on a person.

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