Tipoffs for Great Bend, Kansas (Congressional) Newsletter for Monday February 05, 2024 ( 1 items ) |
Congressional Research Service: 'Earned Income Tax Credit - How It Works & Who Receives It' (Part 1 of 2)
WASHINGTON, Feb. 5 (TNSrep) -- The Congressional Research Service issued the following report (No. R43805) on Nov. 14, 2023, entitled "The Earned Income Tax Credit: How It Works and Who Receives It."
The report was written by public finance specialist Margot L. Crandall-Hollick and social policy specialists Conor F. Boyle and Gene Falk.
Here are excerpts:
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SUMMARY
The Earned Income Tax Credit (EITC) is a refundable tax credit that boosts the income of eligible low-income workers, espe
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