|
gptkbp:instanceOf
|
gptkb:tax_law
|
|
gptkbp:abbreviation
|
gptkb:EITC
|
|
gptkbp:administeredBy
|
gptkb:Internal_Revenue_Service
|
|
gptkbp:appliesTo
|
earned income
|
|
gptkbp:claimedBy
|
gptkb:Form_1040
|
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gptkbp:compatibleWith
|
nonresident aliens
taxpayers filing as married filing separately
taxpayers with investment income above a certain threshold
|
|
gptkbp:country
|
gptkb:United_States
|
|
gptkbp:dateEnacted
|
1975
|
|
gptkbp:eligibility
|
based on income, filing status, and number of qualifying children
|
|
gptkbp:improves
|
gptkb:American_Rescue_Plan_Act_of_2021_(temporarily_for_childless_workers)
|
|
gptkbp:influencedBy
|
filing status
adjusted gross income
earned income amount
number of qualifying children
|
|
gptkbp:maximumLoanAmount
|
varies by tax year and number of children
|
|
gptkbp:phaseOutBegins
|
at certain income levels
|
|
gptkbp:purpose
|
reduce tax burden for low- to moderate-income working individuals and families
|
|
gptkbp:refundable
|
true
|
|
gptkbp:relatedTo
|
gptkb:Additional_Child_Tax_Credit
gptkb:Child_Tax_Credit
gptkb:Premium_Tax_Credit
|
|
gptkbp:website
|
https://www.irs.gov/credits-deductions/individuals/earned-income-tax-credit-eitc
|
|
gptkbp:bfsParent
|
gptkb:Additional_Child_Tax_Credit
gptkb:Child_Tax_Credit
gptkb:Russell_Long
|
|
gptkbp:bfsLayer
|
6
|
|
https://www.w3.org/2000/01/rdf-schema#label
|
Earned Income Tax Credit
|