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.
IRS Publication 596 (p. 19, 2014) Earned Income Credit says, When figuring your net earnings from self-employment, you must claim all your allowable business deductions.. The issue of whether or not to claim all allowable deductions usually comes up when determining the earned income credit. Because of the way the earned income credit works, there are circumstances where lower business deductions will increase the credit.