EITC and Child Tax Credit

Letting Key Provisions of Working-Family Tax Credits Expire Would Push 16 Million People Into or Deeper Into Poverty

More than 16 million people in low- and modest-income working families, including 8 million children, would fall into — or deeper into — poverty in 2018 if policymakers fail to make permanent key provisions of two important tax credits.

Some 50 million Americans, including 31 million children, would lose part or all of their Child Tax Credit (CTC) or Earned Income Tax Credit (EITC).

Related Interactive Graphic: What Would Congress’s Inaction Cost Working Families?

 

State Fact Sheets: The Earned Income and Child Tax Credits

These fact sheets provide state-by-state data on how the EITC and CTC reduce poverty, who benefits, how state EITCs can supplement the federal credit, and who benefits from two proposals to strengthen the credits. Read more

Related:

Background

The Earned Income Tax Credit (EITC), a federal tax benefit for low- and moderate-income workers, reduces the impact of the payroll and income taxes they pay; it also supplements the earnings of very low-wage workers.  Building on the EITC’s success, roughly half of the states have enacted state EITCs, which offset state taxes and supplement wages for low-income workers.

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