What is earned income for taxes?

Answer Earned income is generally money you work for, rather than money derived from other sources, such as interest. The Internal Revenue Service (IRS) taxes most earned income, and provides an "earned i... Read More »

Top Q&A For: What is earned income for taxes

How to File for No Income Earned Taxes?

The Internal Revenue Service requires a tax return from all U.S. citizens of legal age who earn income above a certain level. Tax returns are due every April 15, though it is possible to file an ex... Read More »

What is the meaning of earned income credit for taxes?

The federal government introduced the Earned Income Tax Credit (EITC) during the mid-1970s. Since then, it has become one of the most popular pieces of tax code and essential for many low-income fa... Read More »

Do I pay taxes if I'm on SS disability& Medicare& have no earned income?

If you have no earned income, you have no requirement to pay taxes on Social Security disability or Medicare. If you make more than $25,000 annually, you will have to pay taxes on your disability i... Read More »

Do armed civilian contractors pay taxes on income earned in a combat zone?

Armed civilian contractors are required to pay taxes on income earned in a combat zone. Only U.S. Armed Forces and Reserves qualify for tax exemption while deployed in a combat zone. A civilian con... Read More »