BREAKING DOWN 'Origination Fee'. An origination fee is similar to any commission-based payment. If a lender takes a 1% fee for originating a loan, they will make $1,000 on a $100,000 loan, or $2,000 on a $200,000 loan.It is likely that the fee rate would be negotiated lower for bigger loans in order to obtain the valuable business.n up-front fee charged by a lender for processing a new loan application, used as compensation for putting the loan in place. Origination fees are quoted as a percentage of the total loan and are generally between 0.5% and 1% on mortgage loans in the United States.
Claiming the Earned Income Tax Credit (EITC) Claiming the Earned Income Tax Credit (EITC) The Earned Income Tax Credit (EITC) is a tax credit for people who work and whose earned income is within a certain range. You must meet certain eligibility rules to claim and receive the credit. They include filing a tax return even if you generally donât have to, having income within a certain range, your filing status, and whether youâre claiming a qualifying child.
Claiming a child on your tax return can lower your taxes and raise your refund. You can claim a âqualifying childâ or âqualifying relativeâ as dependent. A âqualifying childâ can also be claimed for the EITC (Earned Income Tax Credit).There are 3 ways that claiming a child can help on your taxes. ï· A child can be your dependent and give you a âdeduction.â This is subtracted from your income before your taxes are figured. Lower income means less tax. âqualifying childâ can also be claimed for the EITC (Earned Income Tax Credit). There are 3 ways that claiming a child can help on your taxes. ï· A child can be your dependent and give you a âdeduction.â This is subtracted from your income before your taxes are figured. Lower income means less tax.