Helping Working Families PDF Download

Author: Saul D. Hoffman
Publisher: W.E. Upjohn Institute
ISBN: 0880992549
Category : Business & Economics
Languages : en
Pages : 247

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Book Description
Gives an overview of the EITC and makes recommendations for changes.

Author: Judith L. Collins
Publisher:
ISBN: 9781634856331
Category : BUSINESS & ECONOMICS
Languages : en
Pages : 128

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Book Description
The Earned Income Tax Credit (EITC) is a refundable tax credit available to eligible workers with relatively low earnings. Because the credit is refundable, an EITC recipient need not owe taxes to receive the benefit. The credit is authorized by Section 32 of the Internal Revenue Code (IRC) and administered as part of the federal income tax system. In 2013, a total of $68.1 billion was claimed by 28.8 million tax filers, making the EITC the largest need-tested anti-poverty cash assistance program. This book provides an overview of the EITC, first discussing eligibility requirements for the credit, followed by how the credit is computed and paid; provides data on the growth of the EITC since it was first enacted in 1975; and includes data on the EITC claimed on 2013 tax returns, examining EITC claims by number of qualifying children, income level, tax filing status, and location of residence. Moreover, this book summarizes findings from the 2014 IRS study detailing the factors that can lead to erroneous claims of the credit, and describes the challenges the IRS may face in their efforts to reduce each type of error. It also examines the role of paid tax preparers on EITC error.

Author: Margot L. Crandall-Hollick
Publisher:
ISBN:
Category : Earned income tax credit
Languages : en
Pages : 29

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Book Description

Author: Sarah Halpern-Meekin
Publisher: Univ of California Press
ISBN: 0520959221
Category : Social Science
Languages : en
Pages : 299

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Book Description
The world of welfare has changed radically. As the poor trade welfare checks for low-wage jobs, their low earnings qualify them for a hefty check come tax time—a combination of the earned income tax credit and other refunds. For many working parents this one check is like hitting the lottery, offering several months’ wages as well as the hope of investing in a better future. Drawing on interviews with 115 families, the authors look at how parents plan to use this annual cash windfall to build up savings, go back to school, and send their kids to college. However, these dreams of upward mobility are often dashed by the difficulty of trying to get by on meager wages. In accessible and engaging prose, It’s Not Like I’m Poor examines the costs and benefits of the new work-based safety net, suggesting ways to augment its strengths so that more of the working poor can realize the promise of a middle-class life.

Author: National Bureau of Economic Research
Publisher: University of Chicago Press
ISBN: 9780226533568
Category : Business & Economics
Languages : en
Pages : 224

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Book Description
Few United States government programs are as controversial as those designed to aid the poor. From tax credits to medical assistance, aid to needy families is surrounded by debate—on what benefits should be offered, what forms they should take, and how they should be administered. The past few decades, in fact, have seen this debate lead to broad transformations of aid programs themselves, with Aid to Families with Dependent Children replaced by Temporary Assistance to Needy Families, the Earned Income Tax Credit growing from a minor program to one of the most important for low-income families, and Medicaid greatly expanding its eligibility. This volume provides a remarkable overview of how such programs actually work, offering an impressive wealth of information on the nation's nine largest "means-tested" programs—that is, those in which some test of income forms the basis for participation. For each program, contributors describe origins and goals, summarize policy histories and current rules, and discuss the recipient's characteristics as well as the different types of benefits they receive. Each chapter then provides an overview of scholarly research on each program, bringing together the results of the field's most rigorous statistical examinations. The result is a fascinating portrayal of the evolution and current state of means-tested programs, one that charts a number of shifts in emphasis—the decline of cash assistance, for instance, and the increasing emphasis on work. This exemplary portrait of the nation's safety net will be an invaluable reference for anyone interested in American social policy.

Author: Margot L. Crandall-Hollick
Publisher:
ISBN:
Category : Earned income tax credit
Languages : en
Pages : 34

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Book Description

Author: United States. Internal Revenue Service
Publisher:
ISBN:
Category : Earned income tax credit
Languages : en
Pages : 2

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Book Description

Author: United States. Government Accountability Office
Publisher:
ISBN:
Category : Earned income tax credit
Languages : en
Pages : 66

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Book Description

Author: Michael Kilpper
Publisher: diplom.de
ISBN: 3832455000
Category : Political Science
Languages : en
Pages : 81

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Book Description
Inhaltsangabe:Einleitung: Die aktuelle Debatte um das Mainzer Kombilohnmodell und der Wahlkampf in 2002 haben die Diskussion um die Arbeitsmarktpolitik an der Schnittstelle zur Sozialpolitik wiederbelebt. Wie schon seit langem kommt in dieser Diskussion auch das Bedürfnis nach Vergleichen mit anderen Ländern auf. Und in der Tat ist es sinnvoll, bestimmte Programme des Auslandes auf die Übertragbarkeit in Deutschland zu überprüfen. Die vorliegende Arbeit befasst sich mit dem Earned Income Tax Credit (EITC) in den USA, und versucht diese kleine negative Einkommensteuer als Modell auf Deutschland zu übertragen. Dieses Programm ist von Forschern und politischen Parteien (siehe SPD, CDU, FDP) in verschiedenen offiziellen und inoffiziellen Thesenpapieren oft als mögliches Vorbild thematisiert worden. In der Arbeit werden deshalb folgende Fragen diskutiert: Welche institutionellen Unterschiede gibt es zwischen den USA und Deutschland? Wie funktioniert der Earned Income Tax Credit in den USA? Ist der EITC auf Deutschland übertragbar? Welche ökonomischen Effekte lassen sich theoretisch für die Arbeitsnachfrage und für das Arbeitsangebot identifizieren? Was bedeuten die verschiedenen Varianten wie Bürgergeld, Kombilohn und EITC für den betroffenen Arbeitslosen im Hinblick auf sein Einkommen? Wieviel würde die Einführung eines EITC in Deutschland kosten? Welche polit-ökonomischen Restriktionen bzw. Konsequenzen sind zu erwarten? Die Arbeit geht über die tagespolitische Diskussion hinaus und versucht in den angesprochenen Problemfeldern allgemeine Aspekte ökonomisch zu diskutieren. Die Arbeit ist in Englisch verfasst. Inhaltsverzeichnis:Table of Contents: LIST OF FIGURES4 LIST OF TABLES5 ABBREVIATIONS6 1.Introduction7 2.Economic performance, labor market institutions and reform proposals for Germany9 2.1Economic performance and labor market outcomes in Germany and the USA9 2.2Institutional arrangements in Germany and the United States11 2.2.1Labor market regulation12 2.2.2Welfare policies13 2.2.3The wage structure14 2.3Reform proposals for the low-wage sector in Germany16 3.The Earned Income Tax Credit18 3.1History and political context18 3.2The design of the Earned Income Tax Credit19 3.3Economic analysis of the EITC22 3.3.1General remarks22 3.3.2Labor supply effects22 3.3.3The advanced payment option and labor supply effects25 3.3.4Interactions with other transfer programs26 3.3.5Administrative [...]

Author: Bruce D. Meyer
Publisher: Russell Sage Foundation
ISBN: 1610443942
Category : Business & Economics
Languages : en
Pages : 413

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Book Description
Since its inception under President Ford in 1975, the Earned Income Tax Credit (EITC) has become the largest antipoverty program for the non-elderly in the United States. In 1998, more than nineteen million families received EITC payments, and the program lifted over four million Americans above the poverty line. Despite the rapid growth of the EITC throughout the 1990s, little has been written about how the program works or how it affects low-income families. Making Work Pay provides the first full-scale examination of the EITC, exploring its effects on income distribution, poverty, work, and marriage. Making Work Pay opens with a history of the EITC—its emergence in the 1970s as a pro-work, low-cost antipoverty program and its expansion through the 1980s and 1990s. The central chapters in the volume look at the substantial impact of the EITC on work incentives in recent years and show that the program, in combination with welfare reform and a strong economy, has led to an unprecedented increase in the employment of single mothers. In one study, researchers conclude that the EITC—with its stipulation that one family member be a wage earner—was the most important change in work incentives for single mothers between 1984 and 1996, a period when the employment rate of single mothers rose sharply. Several chapters outline proposals for reforming the program, addressing the concerns by policymakers about the work disincentives that rise as benefits fall with increasing income. Finally, Making Work Pay examines how EITC recipients view the credit and what they do with it once they get it. The contributors find that not only does EITC's lump-sum payment increase consumption but it also allows recipients to make changes in economic status. Many families use the end-of-the-year payment as a form of forced savings, enabling them to save for home improvement, a new car, or other purchases to improve their lives, and providing the extra economic cushion needed to move beyond mere day-to-day survival. Comprehensive in scope, Making Work Pay is an indispensable resource for policymakers, administrators, and researchers seeking to understand the ramifications of the country's largest programs for aiding the working poor.