When will the IRS start accepting tax returns and why will there be a hold on refunds for those claiming Earned Income Tax Credit or the Additional Child Tax Credit? You can start your return anytime, but the IRS will not start accepting tax returns until January 29, 2018. Show More Summary
From Amanda Y. Agan and Michael D. Makowsky, here is an new and important approach: For recently released prisoners, the minimum wage and the availability of state Earned Income Tax Credits (EITCs) can influence both their ability to...Show More Summary
Yet more evidence piles up for effectiveness of the Earned Income Tax Credit.
With Republicans in Washington D.C. on the verge of passing their first major piece of legislation in the form of comprehensive tax cuts that will allow Americans across the income spectrum to keep a little more of their hard earned cash in 2018, it appears as though eager U.S. Show More Summary
See what the 2018 tax brackets are, what the standard and personal exemptions are, and whether you qualify for the Earned Income Tax Credit.
Jacob Goldin (Stanford) presented Complexity and Take-up of the Earned Income Tax Credit at Northwestern yesterday as part of its Advanced Topics in Taxation Workshop Series hosted by Sarah Lawsky: Tax benefits like the Earned Income Tax Credit (EITC) represent an important source of income to their recipients, but millions...
If the federal government boosts the Earned Income Tax Credit, or for that matter just lowers tax rates on lower-income workers, firms have an incentive to hire more labor (and also an incentive to expand hours for individual workers). ...Show More Summary
The Earned Income Tax Credit is one of the country’s most effective anti-poverty policies, but it mostly leaves out a huge segment of workers: those without children.
Nina Olson, the National Taxpayer Advocate (as if you did not know), had a great blog last week describing a really cool study her office conducted on how to improve taxpayer compliance with the Earned Income Tax Credit (ETIC... again, as if you did not know). The basic idea...
Bryan Camp (Texas Tech), Franklin Roosevelt and the Forgotten History of the Earned Income Tax Credit, 20 Green Bag 2d 337 (2017): On his 1934 income tax return, Franklin Roosevelt claimed an "earned income credit" of $1,400. We usually think of the Earned Income Tax Credit (ETIC) as a subsidy...
Expanding the Earned Income Tax Credit is a rare policy for helping the poor that’s supported on both the left and the right–and could be a step toward a universal basic income. The Earned Income Tax Credit (EITC) is widely considered the federal government’s most effective anti-poverty program. Show More Summary
Wednesday: Spreading awareness about the earned income tax credit; Tom Petty was an unfussy rock ’n’ roll superstar and rope swings in Lake Tahoe.
Republicans favor new restrictions on the earned income tax credit.
Two Democratic lawmakers are leading the way to fundamentally restructure the EITC, shifting it from a program primarily aimed at helping low-income working families with children to a wage subsidy for even middle-income workers.
Lawmakers of both parties have been talking about restructuring the refundable tax credits, such as the earned income tax credit and the child tax credit,...
No program other than Social Security has had a bigger impact on reducing poverty than the Earned Income Tax Credit.
On July 10, Hawaii Governor David Ige (D) signed a bill that significantly alters Hawaii’s tax code. The bill, HB 209, has two main provisions. Together, the provisions implement a state-level Earned Income Tax Credit and reinstate top marginal individual income tax rates that had been allowed to expire. While the tax credit is widely […]
Writing at NRO earlier this week, Abby McCloskey (a former American Enterprise Institute colleague of mine) argued that Congress should fund paid family leave, further subsidize child care, and expand the earned income tax credit. These...Show More Summary
This piece was originally published on Urban.org. May was Asian Pacific American Heritage Month, a time to celebrate the collective identity and diversity of...
The U.S. tax code is constantly evolving. This means that each new year brings a slew of changes that taxpayers need to remember when filing their taxes. 1. Standard deductions 2. Extra scrutiny for Earned Income Tax Credit, Additional Child Tax Credit 3. Show More Summary