powered by Federated Media

Earned income tax credit

Wealthy win lion's share of major tax breaks

Households in the bottom fifth, meaning couples making up to $35,000, receive 11.7 percent of their after-tax income from the breaks, about half of which is due to the earned income tax credit.

Congress huffs, puffs and passes timid deal

On the positive side of the ledger, the bill passed late Tuesday:-Maintains current tax rates for about 98 percent of Americans while reasonably boosting them for families making more than $450...

Details of Senate bill averting 'fiscal cliff'

The tax was originally designed to ensure that the wealthy did not avoid owing taxes by using loopholes.-Other tax changes: Extends for five years Obama-sought expansions of the child tax credit,...

Details of tentative deal averting 'fiscal cliff'

The tax was originally designed to ensure that the wealthy did not avoid owing taxes by using loopholes.-Other tax changes: Extends for five years Obama-sought expansions of the child tax credit,...

Advertisement

Partners

WASHINGTON: Senators require fingerprinting at 30 airports

An attempt by Sessions to block immigrants who gain legal status under the bill from getting the...

Personal Finance: Ask the Experts: Didn't file a 2009 tax return? The IRS could...

But thousands could still be eligible for a tax refund, especially if they had minimal income...

Tax refund possible for 2009 non-filers

But thousands could be in line for a tax refund, especially those with minimal income that...

Blogs

Video: Interview with Senator Jeff Sessions on immigration « Hot Air

Sessions explains his concerns specifically about EITC in the interview with Duane and me.

Making Hay While the Sun Shines

Taxes became more regressive when lawmakers voted to end the state's Earned Income Tax Credit,...

WaPo Fact-Checker Kessler Falsely Skewers Welfare Chart

Kessler writes, "health-care spending is different from food stamps or the earned income tax...

Web

Social Security, Medicare trust funds serve a purpose

Unlike other government-benefit programs such as agricultural subsidies, petroleum depletion...

IRS paid billions of dollars in improper refunds, report says

The IRS estimates that at least 21 percent of its EITC payments in 2012 were faulty.

IRS issued billions in improper refunds, report says

The IRS estimates that at least 21 percent of its EITC payments in 2012 were faulty.