The maximum child tax credit of $2,000 per child under 17 is available to parents with up to $400,000 in modified adjusted gross income if they are married and filing jointly, or under $200,000 if they are single. Those figures are also unchanged from 2024. Notably, the terms of th...
One of the most promising policies in this regard is the earned income credit (EIC). (Note: The EIC is also commonly referred to as the EITC or earned income tax credit.) Research by NCCP has documented the powerful anti-poverty effects of the federal EIC, which benefits nearly 20 ...
Earned income credit (EIC). The earned income tax credit (EIC) reduces the income tax that certain low-income taxpayers would otherwise owe. It's a refundable credit, so if the tax that's due is less than the amount of the credit, the difference is paid to the taxpayer as a refund....
Child HealthEITCObesityMotivation: The federal Earned Income Tax Credit (EITC) provides wage subsidies to working families earning below $48,000 per year in the form of refundable taxBaughman, Reagan AnneDuchovny, NoeliaSocial Science Electronic Publishing...
income workers with no qualifying children (sometimes referred to as the “childless” EITC). As a result of these changes, the maximum credit in 1994 for a family with no 1994 qualifying children was $306; one qualifying child, $2,038; and two or more qualifying children...
For the Earned Income Credit, a foster child is defined as an individual who is placed with you by an authorized placement agency or court order. The child is required to have lived with you for more than half of the year. What about my welfare benefits? The Earned Income Credit has no...
Maximizing the Child Tax Credit For a household with children and at least 1 adult with a good income, getting a child tax credit is fairly straightforward. But what if you don’t earn enough to get the full credit? Or you dislike earning an income? Or you accidentally earn some money,...
If a family’s earnings fall within the phase-in region of the benefit schedule, where the amount of the credit is rising with income, the policy creates strong employment incentives that may increase the opportunity costs associated with children. This implies that abortions may rise because of...
In 2025, theEarned Income amounts(amounts of earned income at or above which the maximum amount of the earned income credit is allowed) are: no qualifying children: $8,490 1 qualifying child: $12,730 2 qualifying children: $17,880 ...
(2013). The Earned Income Tax Credit, health, and happiness. Discussion Paper No. 7261, The Institute for the Study of Labor; Bonn, Germany. Cancian, M., Yang, M. Y., & Slack, K. S. (2013). The effect of additional child support income on the risk of child maltreatment. Social...