Examlex
What is the name of the process by which attorneys question potential jurors?
Earned Income Credit
The Earned Income Credit (EIC) is a refundable tax credit for low- to moderate-income working individuals and families, particularly those with children, to reduce poverty and encourage work.
Nonrefundable Credit
A tax credit that can only reduce a taxpayer’s liability to zero, but unlike refundable credits, any excess is not paid out to the taxpayer.
Adoption Credit
A tax benefit offered to taxpayers to offset some costs of legally adopting a child, which can reduce tax liability.
Foreign Tax Credit
A non-refundable tax credit for income taxes paid to a foreign country, aimed at reducing double taxation of the same income.
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