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.
1 If you can claim a person as a dependent, that person canât claim a personal exemption on his or her own tax return. 2  This is true even if you donât actually claim that person as a dependent on your tax return. 3  The rule applies because you have to right to claim that person. 4  Exemption phase-out. You generally may not claim married persons as dependents if they file a joint return with their spouse. 2  There are some exceptions to this rule. 3  Dependents may have to file. 4  People that you can claim as your dependent may have to file their own federal tax return.