Inicio >  Blossary: Retirement  >  Term: advance earned income credit
advance earned income credit

A provision that allowed employees to receive their earned income credit as an advance in their paycheck throughout the year. The earned income credit is a refundable tax credit intended for low-income workers. The advance option was discontinued at the end of 2010. Now individuals must claim the credit on their income tax returns.

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  • Parte del discurso: noun
  • Industria/ámbito: Banca
  • Categoría: Ahorros

Retirement

Categoría: Other

Cantidad total de términos: 23

Creador

  • zzcgood
  • (Wuhan, China)

  •  (Bronze) 128 puntos
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