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.
June 14, 2011. Generally, claiming exempt from taxes is synonymous with claiming exempt from federal withholding. Taxpayers who don't want to have any federal income tax withheld from their wages can choose to claim exempt. But while claiming exempt is a quick and easy way to relieve yourself of the burden of paying federal taxes for the time being, the implications of your decision may come back to bite you at tax time.