Research Report Earned Income Credit
From The Encyclopedia of Taxation and Tax Policy
Jonathan Barry Forman
Display Date
Download Report
(33.34 KB)

The income credit was originally enacted in 1975, and over the years it has grown to be one of the principal antipoverty programs in the federal budget. The credit is a refundable income tax credit for low-income working taxpayers. Three separate schedules apply, depending on how many qualifying children the taxpayer has. This entry defines the credit, provides its history, and analyzes its effects.
Research Areas Economic mobility and inequality Social safety net Taxes and budgets
Tags Poverty Individual taxes Federal budget and economy Income and wealth distribution
Policy Centers Income and Benefits Policy Center