The Earned Income Tax Credit (EITC): An Overview

Falk, Gene ; Crandall-Hollick, Margot L.

Library of Congress. Congressional Research Service.

关键词: Earned income tax credit;    Public welfare;    Taxation;   

RP-ID  :  R43805
RP-ID  :  R43805_2014Dec03

美国|英语

来源: UNT Digital Library

【 摘 要 】

The Earned Income Tax Credit (EITC) is a refundable tax credit available to eligible workers earning relatively low wages. This report provides an overview of the EITC, first discussing eligibility requirements for the credit, followed by how the credit is computed and paid. The report then provides data on the growth of the EITC since it was first enacted in 1975. Finally the report concludes with data on the EITC claimed on 2012 tax returns, examining EITC claims by number of qualifying children, income level, tax filing status, and location of residence.