Earned Income Tax Credit

GPTKB entity

Statements (31)
Predicate Object
gptkbp:instanceOf gptkb:tax_law
gptkbp:abbreviation gptkb:EITC
gptkbp:administeredBy gptkb:Internal_Revenue_Service
gptkbp:appliesTo earned income
gptkbp:claimedBy gptkb:Form_1040
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
https://www.w3.org/2000/01/rdf-schema#label Earned Income Tax Credit
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:Section_9602_(Earned_Income_Tax_Credit)
gptkb:Additional_Child_Tax_Credit
gptkb:Child_Tax_Credit
gptkb:Russell_Long
gptkb:SNAP_benefits
gptkbp:bfsLayer 6