Examlex
The early Solow model focused on
EIC
The Earned Income Credit (EIC) is a tax credit for low-to-moderate-income working individuals and families, particularly those with children.
Qualifying Child
A dependent who meets specific IRS criteria, making the taxpayer eligible for certain tax benefits.
Eligible Foster Child
A child placed in an individual's home by an authorized placement agency or by judgment, decree, or other order of any court of competent jurisdiction.
Refundable Credit
A tax credit that can reduce your tax liability below zero, allowing the excess amount to be refunded to you.
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