The earned income tax credit eitc changes for 2012 and 2013 congressional research service summary the earned income tax credit eitc established in the tax code in 1975 provides cash assistance to lower income working parents and individuals through the tax system the eitc will be higher in 2012 and 2013 than it was in 2011 an increase in the size of the eitc will. Christine scott specialist in social policy the earned income tax credit eitc established in the tax code in 1975 provides cash a. The earned income tax credit eitc changes for 2012 and 2013 english edition ebook scott christine amazonde kindle shop. Whats new for 2013 earned income amount is more the maximum amount of income you can earn and still get the credit has increased you may be able to take the credit if you have three or more qualifying children and you earned less than 46227 51567 if married filing jointly you have two qualifying children and you earned less. The earned income tax credit eitc is a federal tax credit for low and moderate income working people it encourages and rewards work as well as offsets federal payroll and income taxes twenty nine states plus the district of columbia have established their own eitcs to supplement the federal credit
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