Republicans favor new restrictions on the earned income tax credit.
Two California men are awaiting sentencing for claiming fraudulent tax refunds made with the names and identification information
Safety first! The IRS indicated, "The 2017 safeguards are aimed at those of you who prepare your own federal and state tax
While the recent rise in poverty may be attributed to poor economic growth policies during the Obama Administration, the sustained high rates of poverty over the past 50 years are striking evidence that it is time for new approaches to support economic success.
Oklahoma lawmakers have voted to cut the state's Earned Income Tax Credit (EITC) by more than 70 percent, hitting 200,000
This past weekend, my staff and I went to Bakersfield and spent an afternoon helping folks prepare their income tax forms. I was there with the CalEITC4Me bus tour, which was stopping in Bakersfield before heading on to other Central Valley cities.
Credits are taken in lines 48 to 54 of Form 1040, and lines 31 to 35 and 42 to 45 of Form 1040A. The instructions for these
Besides providing additional income, the EITC provides a financial incentive for workers to stay employed and increase their earnings. According to recent studies, EITC provides significant work, income, educational and health benefits to its recipients and their children.
As state legislative sessions begin, policymakers can help keep people working, increase incomes, reduce financial hardship, and build an economy that works for everyone by following the 26 states and the District of Columbia that have created state Earned Income Tax Credits.
The Earned Income Tax Credit has long enjoyed bipartisan support because it encourages and rewards the work of low- and moderate-income people.