Earned Income Credit

Definition of "Earned Income Credit"
  1. A tax benefit for eligible working individuals who meet certain conditions and earn below a set limit
How to use "Earned Income Credit" in a sentence
  1. Despite her modest salary, Jane was able to qualify for the Earned Income Credit.
  2. The Earned Income Credit can significantly reduce the tax burden for low-income earners.
  3. John discovered that with three qualifying children, his Earned Income Credit was substantial.
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