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Topic: EITC

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Earned income tax credit

	The Earned Income Tax Credit: Boosting Employment, Aiding the Working Poor, Rev 8/17/05
		Research indicates that families use the EITC to pay for necessities, repair homes and vehicles that are needed to commute to work, and in some cases, to help boost their employability and earning power by obtaining additional education or training.
		The EITC is a “refundable” tax credit, which means that if a worker’s income tax liability is less than the amount of the credit for which he or she qualifies, the worker receives the remaining amount of the credit as a refund.
		For several years after the EITC expansions of 1990 and 1993, the combination of the EITC, the minimum wage, and food stamps met the goal of ensuring that a family of four with a full-time minimum-wage worker would not have to raise its children in poverty.
	www.cbpp.org /7-19-05eic.htm (2958 words)

	Earned income tax credit - Wikipedia, the free encyclopedia
		Enacted in 1975, the EITC was expanded in 1986, 1990, and 1993.
		The EITC is the largest, and arguably the most effective, poverty reduction program in the country.
		Economists suggest that every increased dollar received by low and moderate-income families has a multiplier effect of between 1.5 to 2 times the original amount, in terms of its impact on the local economy and how much money is spent in and around the communities where these families live.
	en.wikipedia.org /wiki/EITC (430 words)

	TAP: Vol 13, Iss. 7. Free money: Take some.. Robert S. McIntyre. (Site not responding. Last check: 2007-10-23)
		The EITC is a low-income wage supplement for families with children, run by the IRS as a "refundable" tax credit.
		Overall, the EITC is extremely successful in putting some needed cash into the pockets of low-wage workers -- and doing so in a way that both Democrats and Republicans can support.
		Their only suggested "solution" is to change the EITC rules so that some of the ineligible become eligible -- an odd approach and, in any event, one that's been tried several times before with little success.
	www.prospect.org /print/V13/7/mcintyre-r.html (967 words)

	EITC 2006 - Main - WebHome (Site not responding. Last check: 2007-10-23)
		Second, EITC is NOT just a conference on the "state-of-the-art" of high technology, but rather the "interface" between the major topics of the conference.
		Third, EITC is a conference in which speakers will also offer their expert views about the directions of technology development in the coming decades.
		Fourth, EITC will be a conference which will give the "common person" a sense of how he/she is connected to this development.
	www.eitc.org (573 words)

	National Low Income Housing Coalition: 2005 Advocates' Guide
		The EITC was designed to offset the payroll and income tax burdens of the working poor and expansions of the EITC now also provide an income supplement to very low-wage workers.
		EITC benefits are particularly valuable for workers raising children, but very low income workers not raising children may also qualify for a smaller credit.
		Funding for overall EITC administration and compliance initiatives are part of the IRS budget and are not separately appropriated.
	www.nlihc.org /advocates/eitc.htm (1903 words)

	Noncustodial Parents, Child Support, and the Earned Income Tax Credit:
		Until 1995, the EITC was available only to families with a "qualifying child." In order for a child to qualify a parent for the EITC, the child must have resided with the parent for more than half the year.
		We suspect that the impact of the EITC on the relative incomes of noncustodial parents and custodial families was ignored in the development of child support guidelines—possibly because the credit was much smaller at the time most guidelines were being developed (prior to the 1990 expansions).
		The combined effect of this policy option and financing method (as shown in the third row of table 10) is to raise the standard of living of the noncustodial parent (although by not as much as in the first policy option) and to lower the standard of living of the custodial family.
	www.urban.org /urlprint.cfm?ID=6223 (13146 words)

	California Budget Project Budget Brief - How Can A State Earned Income Tax Credit Help California's Working Poor Make ... (Site not responding. Last check: 2007-10-23)
		The EITC provides a maximum credit of $353 for childless workers at least 25 years of age, based on their share of payroll taxes - 7.65 percent - with an income limit of $10,380.
		The EITC is first used to reduce a family's tax liability, with any remainder returned to the family in the form of a refund.
		As one component of a comprehensive anti-poverty strategy, a state EITC provides a means to successfully boost the income of millions of low income California workers by building on a federal program that has a history of strong bipartisan support.
	www.cbp.org /2001/bb010302.html (2234 words)

	The District Earned Income Tax Credit: Helping Working Families Escape Poverty, 11/4/02
		The maximum DC EITC benefit is $1,035 for a family with two or more children, $627 for a family with one child, and $94 for workers with no children.
		Including the EITC, the DC income tax liability at this income level is lower than in 19 states, and it is about the same as in 12 states that levy little or no income tax at this income level.
		Because the EITC is administered through the tax code, significant outreach efforts are needed to ensure that eligible families are aware of the credit and know how to claim it when they file a tax return.
	www.dcfpi.org /11-4-02tax.htm (2397 words)

	Internal Revenue Service's 1995 Earned Income Tax Credit Compliance Study (Site not responding. Last check: 2007-10-23)
		Because this study focused only on EITC claimants, it does not isolate the effect of the EITC on noncompliance, or the extent to which higher income taxpayers are benefiting from misreporting their income or family circumstances.
		Under the proposal, a taxpayer who has been denied the EITC as a result of deficiency procedures would be ineligible to claim the credit in subsequent years unless he or she provides evidence of his or her eligibility for the credit.
		EITC qualifying children also include individuals who reside with taxpayers for a full year and for whom the taxpayers ''care for as the taxpayers' own children.'' All EITC qualifying children (including foster children) must either be under the age of 19 (24 if a full-time student) or permanently and totally disabled.
	commdocs.house.gov /committees/ways/hwmw105-26.000/hwmw105-26_0.htm (18134 words)

	Earned Income Tax Credit for Workers - Washington Workfirst (Site not responding. Last check: 2007-10-23)
		You cannot claim the EITC if you or your spouse were a qualifying child of another person during the tax year.
		You cannot claim the EITC if you were a nonresident alien for any part of 2004, unless you are married to a U.S. citizen or resident alien and you chose to be taxed as a resident alien for all of 2004.
		If you have a qualifying child, and you are eligible for the EITC, you may be able to receive part of the tax credit with each paycheck throughout the year.
	www.workfirst.wa.gov /eitc/worker.htm (886 words)

	Weekly Column (Site not responding. Last check: 2007-10-23)
		EITC was created in 1975 as an incentive for low‑income working poor families to stay in their jobs to stop them from going on welfare.
		Twenty years ago the program cost $1.2 billion, it cost $2.5 billion in 1985, EITC spending was $21.8 billion in 1994 and in 2002 it is projected to cost $32 billion.
		By restricting the program we are reducing federal expenditures for the EITC, saving the taxpayers more than $4 billion over seven years, and targeting it to those it can truly benefit.
	www.house.gov /istook/weitc.htm (395 words)

	Rethinking Redistribution ¦ Basic Income, Tax Credits, Negative Income Taxes, Asset Based Welfare, Baby Bonds...
		The EITC was introduced in 1975 and became permanent in 1978.
		The generosity of the EITC was substantially increased in 1986, 1990 and 1993.
		Wisconsin's state EITC pays extra for extra children: 4% of the federal credit for one child, 14% for two, and 43% for three or more children.
	www.policylibrary.com /redistribution/creditsUS.htm (1091 words)

	It’s easier than ever to find out if you qualify for EITC
		When the EITC exceeds the amount of taxes owed, it results in a tax refund to those who claim and qualify for the credit.
		The EITC has no effect on certain welfare benefits.
		In most cases, EITC payments will not be used to determine eligibility for Medicaid, Supplemental Security Income (SSI), food stamps, low-income housing or most Temporary Assistance for Needy Families (TANF) payments.
	www.irs.gov /individuals/article/0,,id=96406,00.html (362 words)

	Earned Income Tax Credits (EITC)
		Families are eligible for the EITC if their income is at or below $37,263 and investment income is limited to $2,700 per year.
		EITC Carolinas is a statewide network devoted to increasing awareness and utilization of the EITC.
		Federal EITC: What Legislators Need to Know: This brochure is a special project of the Women's Legislative Network made possible by funding from the Annie E. Casey Foundation.
	www.ncsl.org /statefed/welfare/eitc.htm (1039 words)

	Earned Income Tax Credit (EITC) Questions and Answers
		If your EITC for any year after 1996 was denied or reduced for any reason other than a math or clerical error, you must attach a completed Form 8862, Information to Claim Earned Income Credit After Disallowance, to your next tax return to claim the EITC.
		You are taking the EITC without a qualifying child for 2006 and the only reason your EITC was reduced or disallowed in the earlier year was because the IRS determined that a child listed on Schedule EITC was not your qualifying child.
		A9. If your EITC for any year after 1996 was denied and it was determined that your error was due to reckless or intentional disregard of the EITC rules, then you cannot claim the EITC for the next 2 years.
	www.irs.gov /individuals/article/0,,id=96466,00.html (1052 words)

	Helping Working Families: The EITC, by Saul D. Hoffman and Laurence D. Seidman (Site not responding. Last check: 2007-10-23)
		Administered by the Internal Revenue Service, the EITC rewards low- to moderate-income individuals and families with a significant refundable credit even if they owe little or no taxes.
		Adding the EITC "phase-out" rate of 21 percent to federal income tax and the payroll tax yields a total marginal tax rate of approximately 50 percent, a rate high enough to discourage work among married couples with moderate incomes.
		Finally, the EITC eligibility criteria are very complex, especially regarding whether a household has "a qualifying child" and thus is eligible for more generous benefits.
	www.upjohninst.org /publications/titles/hwf.html (522 words)

	Earned Income Tax Credit (EITC) - Should I Apply?
		Find out if you are eligible for the Earned Income Tax Credit (EITC) by answering a few simple questions and providing basic income information.
		The program will also assist you in determining your correct filing status, determining whether your child(ren) meets the tests for a qualifying child, and estimate the amount of credit that you may receive.
		If you need more information regarding the EITC, additional resources are available.
	apps.irs.gov /app/eitc (274 words)

	Determining EITC Eligibility Made Easier (Site not responding. Last check: 2007-10-23)
		The EITC Assistant, a new Web-based tool from the IRS, is meant to help take the guess work out of the EITC eligibility rules.
		The EITC Assistant is one in a series of steps taken by the IRS to encourage all eligible taxpayers, but only those who are eligible, to claim the valuable EITC refund.
		The new EITC Assistant also reflects all the tax law changes, including new income limits for eligibility as well as the optional use of nontaxable combat pay for use in refund calculations.
	www.ohioscpa.com /article.asp?article=2993-1 (171 words)

	RESULTS: Earned Income Tax Credit
		EITC is intended to “make work pay.” It rewards low-wage work by decreasing the taxes that low-wage workers pay on their earnings and by supplementing their wages, and to bring a family with a full-time minimum-wage worker to the poverty line so the family does not have to raise a child in poverty.
		The amount a family receives from the EITC depends upon their combined earned income and number of children.
		Researchers at the Brookings Institution estimated that EITC and the Child Tax Credit combined provided over $75 billion to working families in 2003.
	www.results.org /website/article.asp?id=359 (342 words)

	The "State" of Low-Wage Workers: How the EITC Benefits Urban and Rural Communities in the 50 States (Site not responding. Last check: 2007-10-23)
		Among the 36 states in which 10 to 20 percent of filers claim the EITC, ten exhibit higher EITC receipt in their large cities, seven have higher EITC receipt in their rural counties, and 19 have very similar proportions of low-income working families in urban and rural areas.
		The spatial distribution of EITC earners shows that in a large number of states, supporters of large cities and small rural towns share a common interest in advancing a policy agenda that benefits the working poor.
		State governments should consider building on the federal EITC through state tax codes; ensuring that more eligible families get the credit for free or pay a reasonable amount to do so; and revisiting policies that may discourage low-income families from saving refund dollars.
	www.brook.edu /es/urban/publications/eitc/20040203_berube.htm (481 words)

	Center on Budget and Policy Priorities
		Many families with children who qualify for the EITC may also be eligible for the Child Tax Credit (CTC), which reduces federal income tax liability.
		The value of the EITC is based on earnings and the number of children, if any, raised by a worker.
		The "2006 Earned Income Tax Credit Estimator" gives you a quick way to figure how much the EITC might be worth to a family.
	www.cbpp.org /pubs/eitc.htm (245 words)

	Programs > EITC > EITC Facts
		EITC represents the largest single source of funding for low-income working families ($37.5 billion in 2003).
		Many EITC recipients do not have bank accounts and use high-cost rapid refund loan services, check cashing services and other 'predatory lenders' to receive their tax return payments.
		Most of these returns were EITC filings that brought a total of $315,645 to low-income families.
	www.pointsoflight.org /programs/eitc/facts.cfm (414 words)

	Nicomachus (Site not responding. Last check: 2007-10-23)
		They questioned the reliability of the 1999 compliance study, arguing instead that methodological shortcomings, EITC denial appeals, and changes enacted since the original study suggested a lower overpayment rate (exactly how much lower is still unclear).
		Besides, they point out, EITC overpayments are only a small percent of the total tax noncompliance losses each year and the IRS could save more money by focusing elsewhere.
		The best argument against EITC tax compliance efforts is the legitimacy of its focus on low-income working families rather than corporate and high-income tax evaders.
	nicomachus.blogspot.com /2004_05_01_nicomachus_archive.html (5938 words)

	Earned Income Tax Credit Series of the Center on Urban and Metropolitan Policy (Site not responding. Last check: 2007-10-23)
		The EITC is a considerable investment in neighborhoods housing high numbers of immigrants, where families access the credit at significant rates.
		Examining three proposals, this paper argues that the EITC could become a powerful tool for providing affordable housing, as well as accomplishing other policy goals for working families and those transitioning from work to welfare.
		This presentation by Alan Berube to the Cleveland EITC Forum explains how boosting low-income families' participation in tax credits can help put the city's workers, neighborhoods, and the local economy itself on more solid financial ground.
	www.brookings.edu /urban/eitc (467 words)

	EITC Foundation - Home
		The EITC Foundation, through the generous giving of southeast Idaho communities, has been instrumental in funding scholarships for EITC students, physical expansion, technology upgrades, and program enhancements.
		EITC Foundation solicits and receives gifts, bequests, monies, and property to be held and managed for the benefit of EITC.
		EITC student scholarships have grown from $3,000 in 1992 to over $130,000 in 2005.
	www.eitcfoundation.org (236 words)

	EITC Offers Great Return (Site not responding. Last check: 2007-10-23)
		With more than 93% of the businesses opting for the 2-year commitment and the 90 percent tax credit, there isn't a whole lot left for new companies that want to participate in the program.
		Democratic gubernatorial candidate Ed Rendell supports maintaining the current EITC and is opposed to an expansion in the immediate future, citing the state's current financial situation.
		The proposed Fisher plan will double the EITC from the current $30 million to $60 million annually.
	www.pacatholic.org /public%20policy/EITCs.htm (418 words)

	Metropolitan Government of Nashville and Davidson County-EITC (Site not responding. Last check: 2007-10-23)
		The EITC is the largest federal aid program aimed at assisting lower-income working people.
		That is why we are launching a city-wide campaign to educate taxpayers about the EITC and to encourage more people to file.
		To get out the word on the EITC, we are creating partnerships with business, civic leaders, churches and community groups.
	www.nashville.gov /EITC/page3.htm (258 words)

	First Nations - EITC Workbook
		Every year, millions of EITC dollars go unclaimed in Native communities with working families missing out on refunds equal to $390 to $4,300 in the 2004 tax year.
		Central Council Tlingit and Haida Indian Tribes of Alaska brought $4 million into their community with EITC but there was almost $1 million unclaimed.
		Order copies of a new EITC consumer guide from First Nations by calling 540-371-5615 or emailing info@firstnations.org.
	www.firstnations.org /EITCwb.asp (410 words)

	EITC (Site not responding. Last check: 2007-10-23)
		One answer is to help eligible families and individuals access the federal Earned Income Tax Credit (EITC.) The EITC is a refundable federal tax credit that helps working people achieve economic stability and security.
		The Michigan EITC Outreach Initiative is a statewide effort, led by the Governor’s office, to increase collection of the EITC by eligible individuals by supporting local community coalitions in raising awareness and implementing volunteer tax preparation sites in their areas.
		You are an important partner in making the promise of the EITC a reality for many of the families who do not currently receive it.
	www.michigan.gov /eitc (293 words)

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