Banner Image

today's posted documents
For Power Users
FULL TEXT CRS DOCUMENTS
Find documents

The Earned Income Tax Credit (EITC): Changes for 2012 and 2013


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 occur because the maximum amount of earned income used to calculate the credit and the phaseout income level are indexed for inflation. The increases reflect the inflation adjustment. For tax year 2012, the maximum EITC for tax filers without children was $475, and it will increase to $487 in 2013. For families with one child, the maximum credit was $3,169 in tax year 2012, and it will increase to $3,250 in 2013. For families with two children, in tax year 2012 the maximum was $5,236, and it will increase to $5,372 in 2013. This report will be updated when new information becomes available.


THE DOCUMENT INCLUDES FOLLOWING FILES:
# FILE NAME Document Date Order ID: Number of Pages PRICE
1 RS21352.pdf Jan 31, 2013 RS21352 3 $5.95 ADD TO CART

Older Versions:

The Earned Income Tax Credit (EITC): Changes for 2011 and 2012  [Order No: RS21352  Release Date: Oct 20,2011  Pages: 3]

The Earned Income Tax Credit (EITC): Changes for 2010 and 2011  [Order No: RS21352  Release Date: Jan 04,2011  Pages: 3]

The Earned Income Tax Credit (EITC): Changes for 2010 and 2011  [Order No: RS21352  Release Date: Jan 04,2011  Pages: 3]

The Earned Income Tax Credit (EITC): Changes for 2008 and 2009  [Order No: RS21352  Release Date: Feb 20,2009  Pages: 3]

The Earned Income Tax Credit (EITC): Changes for 2008 and 2009  [Order No: RS21352  Release Date: Oct 28,2008  Pages: 4]

The Earned Income Tax Credit (EITC): Changes for 2007 and 2008  [Order No: RS21352  Release Date: Oct 31,2007  Pages: 4]

The Earned Income Tax Credit (EITC): Changes for 2006 and 2007  [Order No: RS21352  Release Date: Nov 16,2006  Pages: 4]

The Earned Income Tax Credit (EITC): Changes for 2005 and 2006  [Order No: RS21352  Release Date: Dec 23,2005  Pages: 6]

The Earned Income Tax Credit (EITC): Changes for 2004 and 2005  [Order No: RS21352  Release Date: Nov 04,2005  Pages: 6]

The Earned Income Tax Credit (EITC): Changes for 2004 and 2005  [Order No: RS21352  Release Date: Nov 29,2004  Pages: 6]

The Earned Income Tax Credit (EITC): Changes for 2003 and 2004  [Order No: RS21352  Release Date: Dec 17,2003  Pages: 6]