2013's report on data from calendar year 2011 is available here. 2012's report on data from calendar year 2010 is available here. Tax Foundation Fiscal Fact No. 285. Download a PDF of this report. View just the data in Excel.
Earned Income Tax Credit (EITC).
A tax is imposed on net taxable income in the United States by the federal, most state, and some local governments. [2] Income tax is imposed on individuals, corporations, estates, and trusts. [3] The definition of net taxable. Effective July 1, 2009, § 40.1-28.7:3 of the Code of Virginia required employers to post notices about the federal EITC and state Credit for Low-Income (CLI) taxpayers. Employer Federal EITC Poster – Spanish & English (PDF). The Earned Income Tax Credit (EITC) and Child Tax Credit (CTC), which go to millions of low- and moderate-income working families each year, provide work, income, educational, and health benefits to its recipients and their. Special Collection: Earned Income Tax Credit (EITC) and Other Tax Credits. Over forty years ago, Congress authorized a federal tax credit program called the Earned Income Tax Credit (EITC). It was conceived as an incentive to.
Since its inception, numerous studies have examined the labor supply effects of the earned income tax credit (reviewed in Hotz and Scholz 2003; Eissa and Hoynes 2006a; and Meyer 2010). Most studies focus on single mothers and.