Tax Policy Center

earned income credit

Individual Taxes: TaxVox
Tax preparers play a critical role helping low income working families collect benefits from the Earned Income Tax Credit. Almost 60 percent of families claiming the EITC in 2010 and 2011 did so with the help of a paid preparer. Unfortunately, preparers can make costly mistakes—errors the taxpayer
November 2, 2015Elaine Maag
Federal Budget and Economy: TaxVox
In the end-of-the-year congressional scramble, lawmakers scuttled an effort to permanently extend a number of tax breaks—largely because many feared it would open the door to widespread use of refundable tax credits by undocumented immigrants covered by President Obama’s recent executive order. But
December 12, 2014Elaine Maag
Individual Taxes: TaxVox
co-authored with William G. Gale While most of the tax drama these days is focused on the fate of 50+ mostly-business tax breaks that expired nearly a year ago, lawmakers are also debating two provisions that are enormously important to low- and moderate-income households-the Child Tax Credit (CTC
December 3, 2014Elaine MaagWilliam G. Gale
Individual Taxes: TaxVox
An ominous announcement for a House Ways & Means Committee joint hearing on “how welfare and tax benefits can discourage work” seemed a set-up to attack programs like the Earned Income Tax Credit (EITC) and Child Tax Credit (CTC) for their apparent disincentive to work. But that’s not what
June 29, 2012Elaine Maag
Federal Budget and Economy: TaxVox
“We have met the enemy and he is us,” said the cartoonist Walt Kelly. He was talking about preserving the environment, but he could have been describing our national addiction to tax credits, deductions, and exclusions. These tax breaks increase after-tax income for nearly all of us. At a panel
April 6, 2011Howard Gleckman