Topic: Earned Income Tax Credit
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Opinion 6 ways to make tax reform happen
Here are six ideas that can guide Congress to a tax reform-deal that both parties should be able to live with – a deal that will raise necessary revenue and help pay down the debt.
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Briefing Who are the '47 percent'?
Half don't earn enough to pay federal income taxes; many pay other ways.
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Income tax refund: five tips for maximizing it
People are always looking for ways to get every dollar back they deserve at tax time. Fortunately, there are some smart moves you can make before April 17 to help maximize your income tax refund. Spending a few minutes now will save you time preparing your taxes and can help you get big savings. Here are five tips to get you started:
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Tax filing for the jobless: Five ways to trim your tax bill
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Robert Reich Wanted: A national economic strategy for better jobs
Jobs are returning slowly — too slowly — and most of them pay less than the jobs that were lost in the economic recession, Reich argues. The US needs to implement national economic strategies to build good jobs.
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Tax VOX Who benefits from tax preferences? You do.
Just about everyone benefits from tax preferences, Gleckman writes, a conclusion reaffirmed by a new Congressional Budget Office report on the distribution of tax expenditures.
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Robert Reich Why this is the worst economic recovery on record
We’re now witnessing what happens when all of the economic gains go to the top, and the rest of the population doesn’t have enough purchasing power to keep the economy going.
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USA Update Are your taxes fair? Increasingly, Americans say no.
On Monday, both sides in the ideological battle over spending and taxes are seeking to reinforce the divide – with a 'red tape tower' and a federal taxpayer receipt.
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IRS unclaimed refunds: The IRS owes you $1 billion (some of you, anyway)
Did you claim your refund? The IRS reports that $917 million in unclaimed refunds from 2009 will be theirs to keep as of April 15. If your paycheck withheld more than you owed, there's no penalty for filing your taxes late — but after three years, the feds get to keep your unclaimed refund.
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Robert Reich Guns, healthcare, and the meaning of a decent society
Gun control, healthcare, and countless other issues inevitably require us to define what we mean by a decent society, Reich writes.
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Opinion 6 ways to make tax reform happen
Here are six ideas that can guide Congress to a tax reform-deal that both parties should be able to live with – a deal that will raise necessary revenue and help pay down the debt.
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Tax VOX Immigration debate: a reason to separate work and family tax credits
Work and family tax credits are needlessly complex for immigrant families whose children's legal status and residency determine their eligibility those credits, Maag writes.
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Tax VOX What you should know about the Earned Income Tax Credit
The IRS marks Earned Income Tax Awareness Day Friday. Given the value of the Earned Income Tax Credit, it is important to remind low-income families that it is a big reason why they should file a tax return, Maag writes.
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'Fiscal cliff' deal: What will it mean for you?
Some aspects of the fiscal cliff deal are well-known – such as rising tax rates on the rich. But, actually, everyone will be paying more taxes. Here's a look at the deal's details.
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Tax VOX Fiscal cliff could impact low-income families the most
The fiscal cliff debate thus far leaves the most vulnerable families quite close to the edge, Maag writes.
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Opinion Beyond the 'fiscal cliff,' America's kids need more – not less – government spending
As the 'fiscal cliff' approaches, John Boehner and other lawmakers should beware of another kind of deficit – the growing opportunity deficit for low-income US children, already present by the time they enter kindergarten. Government can help with universal childcare and preschool.
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Robert Reich Obama's grand bargain: broaden the base or tax the rich?
If Republicans won’t budge on raising tax rates but insist on broadening the base, Reich writes, Democrats should take aim at the biggest tax loophole of all for America’s wealthy: the preference for capital gains.
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Robert Reich Obama's next economy: the danger of the fiscal cliff
President Obama's reelection victory and the pending fiscal cliff give him an opportunity to recast the economic debate, Reich writes.
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Robert Reich Election 2012: Three lessons for Democrats
Reich offers three takeaways for Democrats as the 2012 presidential election comes to a close.
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Tax VOX What is Mitt Romney’s tax plan?
Howard Gleckman offers a breakdown of Republican presidential candidate Mitt Romney's proposed tax plan.
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Tax VOX What is President Obama's tax plan?
Gleckman offers a description of what President Barack Obama has pledged to do on tax policy if he is reelected president in November.
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Tax VOX What happens if Congress goes over the fiscal cliff? Taxes rise.
Americans could face an average tax hike of almost $3,500 in 2013 if Congress goes over the fiscal cliff, Gleckman writes. The looming fiscal cliff poses a major threat for the US economy.
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Tax VOX Five ways to tax the 47 percent
Gleckman offers five suggestions for reducing the portion of Americans who do not pay federal income tax.
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Briefing Who are the '47 percent'?
Half don't earn enough to pay federal income taxes; many pay other ways.
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Tax VOX The 47 percent: a case study
Gleckman profiles a single mom who likely owes no income tax thanks largely to the Earned Income Tax Credit and the Child Tax Credit.
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Decoder Wire Mitt Romney video and the 47 percent: Who doesn't pay income taxes?
In a video of a May fundraiser, Mitt Romney says his message can't connect with the 47 percent of Americans who don't pay income tax. Mostly, these people are poor or elderly.
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US incomes fall to 1989 levels. How did that happen?
A Census report signals that for much of America, the economic downturn has produced not one lost decade but two. But the data also show that federal safety-net programs helped keep people out of poverty.
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Robert Reich The 'heart of our economic dilemma': getting American consumers to spend again
The middle class isn't spending because the values of their homes have plummeted, they've lost much of their savings, and their wages are dropping. Reich argues that Obama has a way to correct this, or at least not make it worse.
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Robert Reich Ryan budget is reforming entitlement? No. Destroying it.
Entitlement reform? Forget it. In an era of rampant economic insecurity, Ryan’s destruction of Medicaid, food stamps, social security, and other safety nets would cause American families even greater hardship.
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