Earned Income Credit

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Earned income tax credit (EITC) and advance earned income tax credit (AEITC)

Author : United States. Internal Revenue Service
Publisher : Unknown
Page : 20 pages
File Size : 40,9 Mb
Release : 1998
Category : Earned income tax credit
ISBN : MINN:30000005895580

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Earned income tax credit (EITC) and advance earned income tax credit (AEITC) by United States. Internal Revenue Service Pdf

Self-employment Tax

Author : Anonim
Publisher : Unknown
Page : 12 pages
File Size : 42,5 Mb
Release : 1988
Category : Income tax
ISBN : MINN:31951D013914451

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Self-employment Tax by Anonim Pdf

U.S. Tax Guide for Aliens

Author : Anonim
Publisher : Unknown
Page : 52 pages
File Size : 52,9 Mb
Release : 1998
Category : Aliens
ISBN : MINN:30000005590827

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U.S. Tax Guide for Aliens by Anonim Pdf

Earned Income Tax Credit (EITC), Advance EITC

Author : United States. Internal Revenue Service
Publisher : Unknown
Page : 48 pages
File Size : 49,8 Mb
Release : 2003
Category : Earned income tax credit
ISBN : PURD:32754074846944

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Earned Income Tax Credit (EITC), Advance EITC by United States. Internal Revenue Service Pdf

Advance Earned Income Tax Credit

Author : United States. Internal Revenue Service
Publisher : Unknown
Page : 2 pages
File Size : 47,9 Mb
Release : 1994
Category : Earned income tax credit
ISBN : MINN:30000004258616

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Advance Earned Income Tax Credit by United States. Internal Revenue Service Pdf

Earned Income Credit

Author : United States. Internal Revenue Service
Publisher : Unknown
Page : 8 pages
File Size : 42,9 Mb
Release : 1980
Category : Income tax
ISBN : UFL:31262085185782

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Earned Income Credit by United States. Internal Revenue Service Pdf

Earned Income Credit

Author : Anonim
Publisher : Unknown
Page : 16 pages
File Size : 52,7 Mb
Release : 1988
Category : Earned income tax credit
ISBN : MINN:31951D01343507P

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Earned Income Credit by Anonim Pdf

Making Work Pay

Author : Bruce D. Meyer,Douglas Holtz-Eakin
Publisher : Russell Sage Foundation
Page : 413 pages
File Size : 54,7 Mb
Release : 2002-01-10
Category : Business & Economics
ISBN : 9781610443944

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Making Work Pay by Bruce D. Meyer,Douglas Holtz-Eakin Pdf

Since its inception under President Ford in 1975, the Earned Income Tax Credit (EITC) has become the largest antipoverty program for the non-elderly in the United States. In 1998, more than nineteen million families received EITC payments, and the program lifted over four million Americans above the poverty line. Despite the rapid growth of the EITC throughout the 1990s, little has been written about how the program works or how it affects low-income families. Making Work Pay provides the first full-scale examination of the EITC, exploring its effects on income distribution, poverty, work, and marriage. Making Work Pay opens with a history of the EITC—its emergence in the 1970s as a pro-work, low-cost antipoverty program and its expansion through the 1980s and 1990s. The central chapters in the volume look at the substantial impact of the EITC on work incentives in recent years and show that the program, in combination with welfare reform and a strong economy, has led to an unprecedented increase in the employment of single mothers. In one study, researchers conclude that the EITC—with its stipulation that one family member be a wage earner—was the most important change in work incentives for single mothers between 1984 and 1996, a period when the employment rate of single mothers rose sharply. Several chapters outline proposals for reforming the program, addressing the concerns by policymakers about the work disincentives that rise as benefits fall with increasing income. Finally, Making Work Pay examines how EITC recipients view the credit and what they do with it once they get it. The contributors find that not only does EITC's lump-sum payment increase consumption but it also allows recipients to make changes in economic status. Many families use the end-of-the-year payment as a form of forced savings, enabling them to save for home improvement, a new car, or other purchases to improve their lives, and providing the extra economic cushion needed to move beyond mere day-to-day survival. Comprehensive in scope, Making Work Pay is an indispensable resource for policymakers, administrators, and researchers seeking to understand the ramifications of the country's largest programs for aiding the working poor.

Means-Tested Transfer Programs in the United States

Author : Robert A. Moffitt
Publisher : University of Chicago Press
Page : 655 pages
File Size : 50,5 Mb
Release : 2007-11-01
Category : Business & Economics
ISBN : 9780226533575

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Means-Tested Transfer Programs in the United States by Robert A. Moffitt Pdf

Few United States government programs are as controversial as those designed to aid the poor. From tax credits to medical assistance, aid to needy families is surrounded by debate—on what benefits should be offered, what forms they should take, and how they should be administered. The past few decades, in fact, have seen this debate lead to broad transformations of aid programs themselves, with Aid to Families with Dependent Children replaced by Temporary Assistance to Needy Families, the Earned Income Tax Credit growing from a minor program to one of the most important for low-income families, and Medicaid greatly expanding its eligibility. This volume provides a remarkable overview of how such programs actually work, offering an impressive wealth of information on the nation's nine largest "means-tested" programs—that is, those in which some test of income forms the basis for participation. For each program, contributors describe origins and goals, summarize policy histories and current rules, and discuss the recipient's characteristics as well as the different types of benefits they receive. Each chapter then provides an overview of scholarly research on each program, bringing together the results of the field's most rigorous statistical examinations. The result is a fascinating portrayal of the evolution and current state of means-tested programs, one that charts a number of shifts in emphasis—the decline of cash assistance, for instance, and the increasing emphasis on work. This exemplary portrait of the nation's safety net will be an invaluable reference for anyone interested in American social policy.

Earned Income Tax Credit (EITC)

Author : United States. Internal Revenue Service
Publisher : Unknown
Page : 48 pages
File Size : 53,9 Mb
Release : 1999
Category : Earned income tax credit
ISBN : MINN:30000006334639

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Earned Income Tax Credit (EITC) by United States. Internal Revenue Service Pdf

The Earned Income Credit

Author : Colin Dearborn Campbell,William L. Peirce
Publisher : Unknown
Page : 52 pages
File Size : 41,8 Mb
Release : 1980
Category : Business & Economics
ISBN : STANFORD:36105063142801

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The Earned Income Credit by Colin Dearborn Campbell,William L. Peirce Pdf

USA. Monograph commenting on taxation legislation (Tax Reduction Act of 1975), with particular reference to the Earned Income Credit (EIC) awarded to families having low income - studies also implications for welfare and the social security system. References.

It's Not Like I'm Poor

Author : Sarah Halpern-Meekin,Kathryn Edin,Laura Tach,Jennifer Sykes
Publisher : Univ of California Press
Page : 299 pages
File Size : 48,5 Mb
Release : 2015-01-14
Category : Social Science
ISBN : 9780520959224

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It's Not Like I'm Poor by Sarah Halpern-Meekin,Kathryn Edin,Laura Tach,Jennifer Sykes Pdf

The world of welfare has changed radically. As the poor trade welfare checks for low-wage jobs, their low earnings qualify them for a hefty check come tax time—a combination of the earned income tax credit and other refunds. For many working parents this one check is like hitting the lottery, offering several months’ wages as well as the hope of investing in a better future. Drawing on interviews with 115 families, the authors look at how parents plan to use this annual cash windfall to build up savings, go back to school, and send their kids to college. However, these dreams of upward mobility are often dashed by the difficulty of trying to get by on meager wages. In accessible and engaging prose, It’s Not Like I’m Poor examines the costs and benefits of the new work-based safety net, suggesting ways to augment its strengths so that more of the working poor can realize the promise of a middle-class life.

The Earned Income Tax Credit (Eitc)

Author : Congressional Research Service
Publisher : CreateSpace
Page : 28 pages
File Size : 40,7 Mb
Release : 2014-10-22
Category : Business & Economics
ISBN : 1503006409

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The Earned Income Tax Credit (Eitc) by Congressional Research Service Pdf

The Earned Income Tax Credit (EITC or EIC) began in 1975 as a temporary program to return a portion of the Social Security tax paid by lower-income taxpayers (the credit was, and remains, calculated as a percentage of earned income, with no direct link to Social Security taxes paid by the tax filer), and was made permanent in 1978. In the 1990s, the program became a major component of federal efforts to reduce poverty, and is now the largest need-tested, anti-poverty cash entitlement program. Childless adults in 2011 (the latest year for which data are available) received an average EITC of $264, families with one child received an average EITC of $2,199, families with two children received an average EITC of $3,469, and families with three or more children received an average EITC of $3,750. A low-income worker must file an annual income tax return to receive the EITC and meet certain requirements for income and age. A tax filer cannot be a dependent of another tax filer and must be a resident of the United States unless overseas because of military duty. The EITC is based on income and whether the tax filer has a qualifying child. The EITC interacts with several nonrefundable federal tax credits to the extent lower-income workers can use the credits to reduce tax liability before the EITC. Income from the credit is not used to determine eligibility or benefits for need-tested programs. The maximum earned income amounts, phase-out income levels, disqualifying investment income level, and maximum credit amounts are adjusted annually to reflect inflation. The actual amount of the credit a tax filer receives is determined by the tax filer's earned income and number of qualifying children using these inflation adjusted parameters.

The Earned Income Tax Credit (EITC)

Author : Anonim
Publisher : Unknown
Page : 23 pages
File Size : 42,5 Mb
Release : 2017
Category : Earned income tax credit
ISBN : OCLC:1097477836

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The Earned Income Tax Credit (EITC) by Anonim Pdf