48% Of Families Can't Afford Food Without Child Tax Credit

Introduction

The Earned Income Tax Credit, or EITC, is a tax credit for low-income workers. It was first enacted in 1975 to provide a form of income for low-income workers who were not receiving unemployment benefits. Since then, the program has expanded to include families with children under age 19 (or 24 if attending college). For low-income families, the EITC is a vital source of income that enables them to make ends meet without having to work multiple jobs. According to the study from the Center on Budget and Policy Priorities' Center on Budgeting and Policy Priorities report released Thursday:

48% Of Families Can't Afford Food Without Child Tax Credit

A new study has found that families with children who receive the tax credit known as the Earned Income Tax Credit, or EITC, are able to make ends meet without working multiple jobs.

The EITC is a tax credit that helps working families make ends meet. It's available to both parents and children, but it’s especially important for mothers because they tend to be at higher risk of needing public assistance.

The study found that this kind of assistance can help families save money on their food bill by cutting the amount they spend on groceries by 40%. This means less stress at home—and more time to spend with their kids!

The EITC was first enacted in 1975 to provide a form of income for low-income workers who were not receiving unemployment benefits.

The EITC was first enacted in 1975 to provide a form of income for low-income workers who were not receiving unemployment benefits. It has expanded over the years to include families with children under age 19 (or 24 if attending college).

The EITC is refundable, which means that you can get money back if your tax return isn't large enough to cover all or part of your federal income taxes owed. For example, if you earn $40,000 per year and owe $15,000 in taxes but don't receive any additional money from other sources such as child care assistance or food stamps; then your effective tax rate would be 25%.

Since then, the program has expanded to include families with children under age 19 (or 24 if attending college).

The EITC was first enacted in 1975, and since then it has expanded to include families with children under 19 (or 24 if attending college). It provides a form of income for low-income workers who were not receiving unemployment benefits.

The EITC provides a refundable tax credit that reduces your federal income tax liability dollar-for-dollar up to $6,000 per family member ($3,000 for individuals). The amount you receive depends on how much your earned income is above 150% of the poverty line:

• For example, if someone makes $40k per year they can claim a maximum credit of $6k

• If someone makes 100k per year they can claim no more than 1/3rd their taxes back

For low-income families, the EITC is a vital source of income that enables them to make ends meet.

If you’re a low-income family, the EITC is a vital source of income that enables you to make ends meet. The EITC is a form of income for low-income workers and is an effective way for parents to make ends meet without having to work multiple jobs.

According to the study from the Center on Budget and Policy Priorities, 48 percent of families with children who receive the credit would have difficulty affording food if not for it.

• The EITC provides an effective way for parents to make ends meet without having to work multiple jobs.

• It's important for families with children to have access to affordable, healthy food.

The EITC has been shown to provide an effective way for parents to make ends meet without having to work multiple jobs.

The EITC is a tax credit that provides families with much-needed help paying for food, housing and transportation. It can also be claimed on a family's tax return. The EITC is refundable—meaning that if the amount of money owed exceeds the amount of taxes paid, you'll receive a check from the IRS for any remaining balance.

It also can encourage working parents to pursue more hours or higher wages by increasing earnings while reducing their tax burden.

The Earned Income Tax Credit (EITC) is a source of income that enables people to make ends meet. It also can encourage working parents to pursue more hours or higher wages by increasing earnings while reducing their tax burden.

People need an easier way to pay their taxes

If you're a parent, the EITC is a great way to help make ends meet. It encourages people to work more hours or higher wages.

Conclusion

The EITC is a vital source of income for low-income families. Many people rely on it for their food, shelter and other basic needs. In fact, the study found that 48 percent of families with children who received the credit would have difficulty affording food if not for it. The EITC has been shown to provide an effective way for parents to make ends meet without having to work multiple jobs, which can encourage working parents to pursue more hours or higher wages by reducing their tax burden.

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