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Forgot your password? Retrieve it. Abbreviation » Term. Term » Abbreviation. Word in Term. Term » Abbr. Filter by: Select category from list What does EIC mean? EIC Noun Editor in chief. Couldn't find the full form or full meaning of EIC? Discuss these EIC abbreviations with the community: 1 Comment. Notify me of new comments via email. Zaffar Ahmed Shaikh. Like Reply Report 3 4 years ago. Fred US English.
Tessa South African. How to say EIC in sign language? Examples of EIC in a Sentence Exchange Income : The short report was deliberately released immediately following the end of the Company's second quarter when EIC is in a quiet period, and is based on a number of statements, assumptions and opinions with which we strenuously disagree.
Popularity rank by frequency of use EIC Select another language:. Please enter your email address: Subscribe. Discuss these EIC definitions with the community: 0 Comments. Notify me of new comments via email. Cancel Report. Create a new account. Log In. Powered by CITE. Are we missing a good definition for EIC? Don't keep it to yourself Submit Definition. Tax Deductions for Real Estate. Tax Deductions for Retirement Savings. Table of Contents Expand. What Is the Earned-Income Credit?
Understanding the EIC. Example of the EIC. Qualifying for the EIC. Key Takeaways The earned-income credit EIC is a refundable tax credit used to supplement the wages of low-income workers and help offset the effect of Social Security taxes. To be eligible for the EIC, a taxpayer must have accrued earnings during the tax year.
However, investment income cannot have surpassed a specified level. Article Sources. Investopedia requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts.
We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in our editorial policy. Compare Accounts. The offers that appear in this table are from partnerships from which Investopedia receives compensation.
This compensation may impact how and where listings appear. Investopedia does not include all offers available in the marketplace. The refundable credit was revamped under the Tax Cuts and Jobs Act.
Disqualifying Income Disqualifying income is a type of income that can disqualify an otherwise eligible taxpayer from receiving the earned income credit. IRS Publication has the details about a federal tax credit available to low-income people who are ages 65 and above or disabled.
Education Tax Credit Education tax credits are available for taxpayers who pay qualified higher education expenses for eligible students, to offset certain education expenses. Partner Links. Related Articles. Who Gets the Deductions and Credits?
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