earned income tax credit

• Earned income tax credit

• States Weigh Cuts to Earned Income Tax Credit for Working Poor

WASHINGTON - Rohnalda Hollon, a single mother of three in Beaverton, Mich., and an Iraq war veteran, worries that state budget cutbacks will wipe out the refund she gets from a program aimed at helping the working poor. The $400 from the Earned Income Tax Credit could mean the difference between paying my Consumer's Energy bill or not," says Hollon, who works full time for the Army National Guard Military Funeral Honors program and who has been put forward as one of the faces of an advocacy campaign called Save Michigan's Earned Income Tax Credit.

• Sunday Gazette-Mail
• April 04, 2011

• Who's afraid of redistribution? An analysis of the earned income tax credit.

I. INTRODUCTION In the 2008 Presidential campaign, the American public was reminded time and again of the differences in the economic policies of th...

• Missouri Law Review
• Vol. 74 Nbr. 2, March 2009

• Optimal tax theory: the journey from the negative income tax to the earned income tax credit.

1. Introduction As a Yale undergraduate in the 1970s, it was nearly impossible not to be aware of the contrasting views of Milton Friedman and James...

• Southern Economic Journal
• Vol. 76 Nbr. 4, April 2010

• Grants and cooperative agreements; availability, etc.: Community Services Block Grant Program— Earned income tax credit and other asset formation opportunities,

• FR, May 06, 2005
• Notices
• Children and Families Administration

• Earned-Income Tax Credit Up in Illinois

CHICAGO - Legislation aimed at helping poor Illinois families keep more of what they earn was signed into law Tuesday, a month after Gov. Pat Quinn signed companion legislation granting tax breaks and incentives. The new law, which is effective for the 2012 tax year, expands the state's earned-income tax credit. It's now 5 percent of the federal credit and will climb to 7.5 percent next year and 10 percent the year after.

• Telegraph - Herald (Dubuque)
• January 11, 2012

• How the Earned Income Tax Credit Can Brighten Your Financial Future

The EITC is a $36 billion program offering tax relief to households that earn $37,750 ($39,783 if married and filing jointly) or less annually. However, each year thousands of eligible families fail to file the proper paperwork qualifying them for an EITC refund. Why? Because most people don't even know the program exists. Created in 1975, the EITC helps offset Social Security taxes and provides an incentive for work. It is the federal government's largest benefits program for working families. The EITC seeks to reduce the tax burden on working families, by supplementing wages, and to make work more attractive than welfare. Workers who qualify for the Earned Income Tax Credit can receive a portion of their EITC, called Advance Earned Income Credit (AEITC), weekly in their paycheck. Thro...

• Michigan Chronicle
• August 22, 2009

• Audit Finds Earned-Income-Tax Credit Abuse

WASHINGTON - More than $10 billion a year in tax credits for low- income families go to people who don't qualify for them, and the Internal Revenue Service isn't doing enough to stop them, a government investigator said Wednesday. Using the tax agency's own numbers, the investigator said about a quarter of all earned income tax credits go to families that don't meet the requirements.

• Charleston Gazette
• February 11, 2011

• Are You Eligible for the Earned Income Tax Credit?

The IRS estimates that 20 percent to 25 percent of qualifying taxpayers miss out on thousands of dollars every year because they fail to claim their Earned Income Tax Credit. The EITC is a refundable credit, meaning that you can get money back from the IRS even if you owe no federal income tax or had no tax withheld. It is a credit intended to help people who work but earn modest incomes.

• Intelligencer Journal Lancaster New Era - Saturday Edition
• March 15, 2010

• Tax Talk Today February Webcast Explains 2005 Legislative Changes Affecting the Earned Income Tax Credit

WASHINGTON, Feb. 16 /U.S. Newswire/ -- On the February 14 Webcast of Tax Talk Today, a panel of IRS officials and tax professionals continued a three-month series on the 2005 filing season with a discussion of legislative changes surrounding the Earned Income Tax Credit (EITC). The panel covered a range of topics, including the uniform definition of a child, hurricane- related legislation, due diligence requirements, and online tools that can help determine a client's EITC eligibility. Recent changes to the definition of a qualifying child will have a big impact on EITC for 2005 tax returns. In order to qualify, the child in question must pass four tests: relationship, residency, age, and the child cannot be claimed by more than one person to be eligible for EITC. More information on th...

• U.S. Newswire
• February 16, 2006

• Mayor Villaraigosa and United Way Kick Off 2011 Earned Income Tax Credit Program

During the 2010 tax season, volunteers provided free tax preparation services to nearly 39,500 households, helping them claim over $36.8 million in total tax refunds and save approximately $6 million in tax preparation fees. $13.5 million of the total refunds were through the EITC.

• Sentinel; Los Angeles, Calif.
• March 14, 2011