The Earned Income Tax Credit: Current Issues and Benefit Amounts

Description:

The earned income tax credit (EITC), established in the tax code in 1975, offers cash aid to working parents with relatively low incomes who care for dependent children. The EITC is the only federal cash aid available to all working poor families with children. For eligible filers with income tax liability, the EITC reduces their taxes.

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Creation Date: September 1, 2000
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UNT Libraries Government Documents Department
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Congressional Research Service Reports
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Place of Publication: Washington D.C., USA
Date(s):
  • Creation: September 1, 2000
Description:

The earned income tax credit (EITC), established in the tax code in 1975, offers cash aid to working parents with relatively low incomes who care for dependent children. The EITC is the only federal cash aid available to all working poor families with children. For eligible filers with income tax liability, the EITC reduces their taxes.

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5 pages.

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UNT Libraries Government Documents Department
Collection:
Congressional Research Service Reports
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Resource Type: Report
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