The Earned Income Tax Credit Eitc

The Earned Income Tax Credit Eitc Book in PDF, ePub and Kindle version is available to download in english. Read online anytime anywhere directly from your device. Click on the download button below to get a free pdf file of The Earned Income Tax Credit Eitc book. This book definitely worth reading, it is an incredibly well-written.

The Earned Income Tax Credit (Eitc)

Author : Congressional Research Congressional Research Service
Publisher : CreateSpace
Page : 28 pages
File Size : 40,9 Mb
Release : 2015-06-22
Category : Electronic
ISBN : 1512392480

Get Book

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

The Earned Income Tax Credit (EITC) is a refundable tax credit available to eligible workers earning relatively low wages. Because the credit is refundable, an EITC recipient need not owe taxes to receive the benefit. Eligibility for and the amount of the EITC are based on a variety of factors, including residence and taxpayer ID requirements, the presence of qualifying children, age requirements for childless recipients, and the recipient's investment income and earned income. Tax filers with income above certain thresholds-these thresholds are based on marital status and number of qualifying children-are ineligible for the credit.

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 : 49,8 Mb
Release : 1998
Category : Earned income tax credit
ISBN : MINN:30000005895580

Get Book

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

The Earned Income Tax Credit (EITC)

Author : Anonim
Publisher : Unknown
Page : 23 pages
File Size : 54,6 Mb
Release : 2017
Category : Earned income tax credit
ISBN : OCLC:1097477836

Get Book

The Earned Income Tax Credit (EITC) by Anonim Pdf

Earned Income Tax Credit (EITC), Advance EITC

Author : United States. Internal Revenue Service
Publisher : Unknown
Page : 48 pages
File Size : 55,5 Mb
Release : 2003
Category : Earned income tax credit
ISBN : PURD:32754074846944

Get Book

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

The Earned Income Tax Credit (EITC)

Author : Laurie Itkin,National Conference of State Legislatures
Publisher : Denver, Colo. : National Conference of State Legislatures
Page : 9 pages
File Size : 53,7 Mb
Release : 1993
Category : Earned income tax credit
ISBN : 1555168302

Get Book

The Earned Income Tax Credit (EITC) by Laurie Itkin,National Conference of State Legislatures Pdf

Advance Earned Income Tax Credit

Author : United States. Internal Revenue Service
Publisher : Unknown
Page : 2 pages
File Size : 43,7 Mb
Release : 1994
Category : Earned income tax credit
ISBN : MINN:30000004258616

Get Book

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

Making Work Pay

Author : Bruce D. Meyer,Douglas Holtz-Eakin
Publisher : Russell Sage Foundation
Page : 413 pages
File Size : 45,6 Mb
Release : 2002-01-10
Category : Business & Economics
ISBN : 9781610443944

Get Book

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.

Earned Income Tax Credit (EITC)

Author : United States. Internal Revenue Service
Publisher : Unknown
Page : 48 pages
File Size : 45,5 Mb
Release : 1999
Category : Earned income tax credit
ISBN : MINN:30000006334639

Get Book

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

The Earned Income Tax Credit

Author : Judith L. Collins
Publisher : Unknown
Page : 128 pages
File Size : 48,6 Mb
Release : 2016
Category : BUSINESS & ECONOMICS
ISBN : 1634856333

Get Book

The Earned Income Tax Credit by Judith L. Collins Pdf

The Earned Income Tax Credit (EITC) is a refundable tax credit available to eligible workers with relatively low earnings. Because the credit is refundable, an EITC recipient need not owe taxes to receive the benefit. The credit is authorized by Section 32 of the Internal Revenue Code (IRC) and administered as part of the federal income tax system. In 2013, a total of $68.1 billion was claimed by 28.8 million tax filers, making the EITC the largest need-tested anti-poverty cash assistance program. This book provides an overview of the EITC, first discussing eligibility requirements for the credit, followed by how the credit is computed and paid; provides data on the growth of the EITC since it was first enacted in 1975; and includes data on the EITC claimed on 2013 tax returns, examining EITC claims by number of qualifying children, income level, tax filing status, and location of residence. Moreover, this book summarizes findings from the 2014 IRS study detailing the factors that can lead to erroneous claims of the credit, and describes the challenges the IRS may face in their efforts to reduce each type of error. It also examines the role of paid tax preparers on EITC error.

Helping Working Families

Author : Saul D. Hoffman,Laurence S. Seidman
Publisher : W.E. Upjohn Institute
Page : 247 pages
File Size : 41,7 Mb
Release : 2003
Category : Business & Economics
ISBN : 9780880992541

Get Book

Helping Working Families by Saul D. Hoffman,Laurence S. Seidman Pdf

Gives an overview of the EITC and makes recommendations for changes.

The Earned Income Tax Credit (EITC)

Author : Christine A. Scott
Publisher : Unknown
Page : 0 pages
File Size : 55,6 Mb
Release : 2007
Category : Earned income tax credit
ISBN : OCLC:1097382429

Get Book

The Earned Income Tax Credit (EITC) by Christine A. Scott Pdf

Means-Tested Transfer Programs in the United States

Author : Robert A. Moffitt
Publisher : University of Chicago Press
Page : 655 pages
File Size : 45,9 Mb
Release : 2007-11-01
Category : Business & Economics
ISBN : 9780226533575

Get Book

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 : 4 pages
File Size : 41,9 Mb
Release : 1999
Category : Earned income tax credit
ISBN : IND:30000062889963

Get Book

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