Business, Legal & Accounting Glossary
Earned Income Credit. This form is used by individual taxpayers in determining the amount of the earned income credit they are eligible for. Certain taxpayers may also be able to claim an advanced earned income credit if they expect to have a child within the year or to earn income that falls below the qualifying threshold.
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Definitions for 1040 Form Schedule EIC are sourced/syndicated and enhanced from:
This glossary post was last updated: 13th November, 2021 | 0 Views.