Advanced Earned Income Credit

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Advanced Earned Income Credit

About Advanced Earned Income Credit:

advance payment of the refundable earned income tax credit by an employer before the eligible taxpayer files his or her return to claim the credit. Any difference between the advance payment and the actual credit will result in a refund to the taxpayer or the tax due to the U.S. Internal Revenue Service. Former IRC (check if this IRC provision is current here) §32(g).

See State Income Tax in the American Encyclopedia of Law.

Related Entries in the American Tax Encyclopedia:

  1. Earned Income Tax Credit
  2. Refundable Credit
  3. Tax Credit
  4. Earned Income
  5. Foreign Earned Income Exclusion
  6. Low-income Housing Credit
  7. Disabled Credit
  8. Possessions Tax Credit
  9. Deferred Credit
  10. Passive Activity Credit
  11. Mortgage Credit Certificates
  12. Health Insurance Credit
  13. General Business Credit
  14. Rehabilitation Tax Credit
  15. Dependent
  16. Credit for Prior Year Minimum Tax
  17. Nonrefundable Credit
  18. Business Energy Investment Credit
  19. Foreign Tax Credit
  20. Investment Tax Credit
  21. Credits
  22. Alcohol Fuels Credit
  23. Advance Rent
  24. Tax Credit for Rehabilitation Expenditures
  25. Fuel Tax Credit

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