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2. Earned income tax credit - Wikipedia

   en.wikipedia.org/wiki/Earned_income_tax_credit

   Tax credit equals $0.34 for each dollar of earned income for income up to $10,540. For income between $10,540 and $19,330, the tax credit is a constant "plateau" at $3,584. For income between $19,330 and $41,765, the tax credit decreases by $0.1598 for each dollar earned over $19,330. For income over $41,765, the tax credit is zero.

3. Foreign earned income exclusion - Wikipedia

   en.wikipedia.org/wiki/Foreign_earned_income...

   The amount of exclusion that a taxpayer is entitled to is equal to the lesser of foreign earned income for the year or the maximum exclusion, divided by the total number of days (365 or 366) in the year times the number of "qualifying days". The exclusion is then reduced by half of self-employment tax. The "housing exclusion" is the amount of ...

4. State income tax - Wikipedia

   en.wikipedia.org/wiki/State_income_tax

   Some school districts (either traditional or earned income tax base; reported on separate state form SD-100). RITA (Regional Income Tax Agency). [37] Most cities and villages (more than 600 [38] out of 931) on earned income and rental income. Some municipalities require all residents over a certain age to file, while others require residents to ...

5. Earned income tax credit: A break families should not overlook

   www.aol.com/finance/earned-income-tax-credit...

   To qualify for EITC, you must be between 25 and 64 years old and have earned income within certain limits. The amount of your credit also depends on the number of kids you have and your filing status.

6. Earned vs. Unearned Income: Do You Really Know the Difference?

   www.aol.com/earned-vs-unearned-income-really...

   Earned income: Earned income necessitates active effort and labor. It is the result of trading time, skills, or services for compensation. Unearned income: Unearned income is passive in nature. It ...

7. Income in the United States - Wikipedia

   en.wikipedia.org/wiki/Income_in_the_United_States

   The primary classifications are by household or individual. The top quintile in personal income in 2019 was $103,012 [2] (included in the chart below). The differences between household and personal income are considerable, since 61% of households now have two or more income earners. [3] Median personal income in 2020 was $56,287 for full time ...