Printer Friendly
Dictionary, Encyclopedia and Thesaurus - The Free Dictionary
3,904,385,348 visitors served.
forum Join the Word of the Day Mailing List For webmasters
?
Dictionary/
thesaurus
Medical
dictionary
Legal
dictionary
Financial
dictionary
Acronyms
 
Idioms
Encyclopedia
Wikipedia
encyclopedia
?

earned income

   Also found in: Dictionary/thesaurus, Financial, Encyclopedia, Wikipedia 0.01 sec.

Sources of money derived from the labor, professional service, or entrepreneurship of an individual taxpayer as opposed to funds generated by investments, dividends, and interest.

Wages, salaries, and fees are types of earned income that, if below a statutorily determined amount, entitle a taxpayer to a reduction of Income Tax liability.

See also: earnings
Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content.
?Page tools
Printer friendly
Cite / link 		Feedback
Add definition
Mentioned in?  References in periodicals archive?   Legal browser?   Full browser?
 
The friend has earned income of $1,500, from which federal income taxes were withheld.
Unrelated child as a qualifying relative by Hopkins, James M. / Journal of Accountancy
In general, kids who are dependents (who can be claimed on someone else's tax return) must file a tax return if: - they have earned income of $5,700 or higher (this is the standard deduction amount for 2009, the amount for 2008 was $5,450) - they have unearned income (investment income such as interest or dividends from stocks or mutual funds) of $950 in 2009 ($900 in 2008) - they have gross income (both earned and unearned) in excess of the larger of $950 or their earned income plus $300.
Is Your Child Required to File a Tax Return? by Kristine McKinley / Finance and Investment community
21, the Eugene IRS office at 300 Country Club Road will be open to help taxpayers in preparing and electronically filing their federal income tax returns to claim the Earned Income Tax Credit.
BRIEFLY by The Register-Guard (Eugene, OR)
 
 
 
Legal Dictionary
?

Terms of Use | Privacy policy | Feedback | Advertise with Us | Copyright © 2012 Farlex, Inc.
Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.