Who started the earned income tax credit?

Answer The earned-income-tax-credit (EITC) began in 1975, created by President Gerald Ford's administration, according to the New York Times. According to the Internal Revenue Service, the tax credit is f... Read More »

Top Q&A For: Who started the earned income tax credit

Does sick pay qualify as income for the earned income credit?

Sick pay does fall under earned income. The Internal Revenue Service allows two ways to make earned income: either someone you work for pays you or you work in your own business, so sick pay would ... Read More »

Is there a minimum income to file for earned income credit?

There are no minimum income level requirements to file for the earned income credit. According to the Internal Revenue Service (IRS), several rules are in place regarding earned income tax credit e... Read More »

Income Requirements for Claiming the Earned Income Tax Credit?

The Earned Income Tax Credit (EITC) is a federal income tax credit for low- to moderate-income individuals or families. The size of the credit is governed by the amount of income and the number of ... Read More »

Differences Between the Child Tax Credit & Earned Income Credit?

The federal government offers child tax and earned income credits (EIC) as an anti-poverty measure for working families earning low or moderate yearly incomes. Both credits work to relieve the tax ... Read More »