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8850 Form Initiatives: What You Should Know

ROTC) β€” Job Training Partnership Act (TPA). Job Training Partnership Act β€” A program of federal government grants to states and local governments for employment training that, among other things, helps recipients increase job skills, promote a business climate of β€œflexible and responsive workforce,” and encourage job training and education. (TPAs) β€” Job Training Partnership Act (TPA). β€” The Job Training Partnership Act of 2000 (TPA), signed into law by President Bill Clinton on November 20, 2000. (The bill required employers with 250 or more workers to offer paid training, education and training-related support to unemployed workers who are at least 25 years old or with at least two years of work experience, or both.) (TPA) β€” JET (Job Training Tax Credit). (JET) β€” A tax credit for employers that provide employees with access to employment training and career training in order to increase the employee's earning power and help ensure they have the training and skills necessary for the job to be performed effectively. (JET) β€” JET (Job Training Tax Credit). (JET) β€” (1) Job Training Tax Credit, (2) Earned Income Tax Credit, and (3) Additional Child Tax Credit. (TTC) β€” Earned Income Tax Credit β€” A payment, refundable against federal income tax, for certain taxpayers, that provides a credit (in the case of a taxpayer who earns less than 20,000, 2,000); 1,000; or both, to persons who either (1) work in eligible employment and earn income taxed as wages as described below; or (2) work for one of the following categories of employers, and for whom income earned is taxed as wages: agriculture, fishing, forestry, mining, or manufacturing enterprises, including small-scale mining; or a nonprofit entity exempt from federal income tax under section 501(c)(3). (EAT) β€” Earned Income Tax Credit (ETC). (EAT) β€” Electronic Workplace Tax Credit, ETC.

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