Earned Income Tax Credit (EITC) program
GPTKB entity
Statements (61)
| Predicate | Object |
|---|---|
| gptkbp:instance_of |
gptkb:tax_policy
|
| gptkbp:administered_by |
gptkb:Internal_Revenue_Service
gptkb:United_States tax filing process |
| gptkbp:designed_for |
low to moderate-income working individuals and families
|
| gptkbp:effective_date |
every tax year
|
| gptkbp:encourages |
employment
|
| gptkbp:first_introduced |
gptkb:1975
|
| gptkbp:has_impact_on |
child poverty rates
|
| gptkbp:has_limitations |
income thresholds
|
| https://www.w3.org/2000/01/rdf-schema#label |
Earned Income Tax Credit (EITC) program
|
| gptkbp:increased |
gptkb:2009
|
| gptkbp:is_available_in |
all 50 states
self-employed individuals investment income earners |
| gptkbp:is_claimed_on |
federal tax returns
|
| gptkbp:is_considered_as |
anti-poverty measure
key component of tax policy. work incentive |
| gptkbp:is_criticized_for |
complexity of eligibility requirements
potential for fraud |
| gptkbp:is_debated_in |
single parents
married couples millions of taxpayers annually working individuals |
| gptkbp:is_evaluated_by |
gptkb:Department_of_Treasury
gptkb:Congressional_Budget_Office effectiveness cost-effectiveness administrative efficiency impact on local economies impact on employment rates |
| gptkbp:is_funded_by |
gptkb:federal_government
|
| gptkbp:is_influenced_by |
economic conditions
|
| gptkbp:is_linked_to |
improved health outcomes
increased workforce participation increased savings rates increased consumer spending higher education enrollment improved financial stability reduced reliance on welfare programs |
| gptkbp:is_part_of |
social safety net
U. S. tax code |
| gptkbp:is_promoted_by |
community organizations
financial literacy initiatives nonprofit organizations |
| gptkbp:is_promoted_through |
public awareness campaigns
tax assistance programs |
| gptkbp:is_subject_to |
state regulations
legislative amendments audit by IRS |
| gptkbp:is_supported_by |
economic studies
various advocacy groups |
| gptkbp:is_used_by |
low-income families
|
| gptkbp:provides |
refundable tax credit
|
| gptkbp:reduces |
poverty
|
| gptkbp:reported_by |
tax filings
tax preparers |
| gptkbp:requires |
earned income
|
| gptkbp:bfsParent |
gptkb:Volunteer_Income_Tax_Assistance_(VITA)
|
| gptkbp:bfsLayer |
5
|