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earned income
noun
- income from wages, salaries, fees, or the like, accruing from labor or services performed by the earner.
earned income
noun
- income derived from paid employment and comprising mainly wages and salaries
Word History and Origins
Origin of earned income1
Example Sentences
The IRS highlights several valuable credits that many taxpayers miss out on: the Earned Income Tax Credit, Child Tax Credit and American Opportunity Credit for students.
Low- to moderate-income workers may also be eligible for the Earned Income Tax Credit, a refundable tax break.
Over the years, Sanberg has drawn headlines for his anti-poverty activism — including pushing to establish a California version of the federal Earned Income Tax Credit, which he benefited from as a child.
They could lose out on the earned income tax credit, which subsidizes lower-wage workers.
For instance, one of our most effective poverty relief programs is the Earned Income Tax Credit, a tax break that initially increases as income does too, creating an incentive to work.
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