EIC

(redirected from Earned income tax credit)
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EIC

Abbr. for “Engineering Institute of Canada.”
References in periodicals archive ?
Expanding the Earned Income Tax Credit and Child Tax Credit will help millions of American families get a foothold in the middle class, said Congressman Kildee.
Think twice before overstating deductions, such as charitable contributions and business expenses, or improperly claiming credits, such as the Earned Income Tax Credit or Child Tax Credit.
Now that the budget is recovering, lawmakers should restore the refundable Earned Income Tax Credit, which provided some balance to the tax system and offered a critical boost to low-income working families before lawmakers cut it in 2016.
(5.) Center on Budget and Policy Priorities, "Policy Basics: The Earned Income Tax Credit", updated January 15,2016.
The Earned Income Tax Credit is a refundable credit for low- to moderate-income taxpayers who earn their income by working.
Massachusetts Production Coalition President Margie Sullivan said expanding the earned income tax credit is important, but kicking what she called the strong and growing film and television production industry out of the state will only hurt the economy.
15 and April 15--"weeks when low-income people typically receive income tax refunds and Earned Income Tax Credit payments," the authors concluded.
Check eligibility for the earned income tax credit, or EITC, which is a credit (not a deduction, which lowers your taxable income; a credit reduces the amount of tax you pay) for low- to moderate-income earners who have worked at some point during the year.
The Earned Income Tax Credit (EITC)--our largest federal anti-poverty program--has been successful at encouraging work, helping families in need and strengthening local economies.
President Bill Clinton's 1996 welfare reform sealed the deal, but the trend began in earnest with the 1975 enactment of the Earned Income Tax Credit (EITC).
6, 2010 (CENS)--With income inequality drawing national attention recently, the Executive Yuan (the Cabinet) is considering again the program for subsidizing low-income families, the so-called negative income tax or earned income tax credit (EITC).
She is currently working on evaluating policy expansions in the Great Society period, using tax data to examine the intensive margin impacts of the Earned Income Tax Credit, and evaluating the safety net in the United States in the post-welfare reform era.