ERIC ED508260: Credits and Exemptions for Children pdf

ERIC ED508260: Credits and Exemptions for Children

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Description of the Book:

The Earned Income Tax Credit, Child Tax Credit (CTC), Additional Child Tax Credit (ACTC), and the dependent exemption all provide benefits to families with children. In 2009, a single mom (or dad) with two children can receive benefits ranging from $0 to about $7,500–depending on her income, age of the children, and where the children live. While this assistance is extremely important to many low-income families, they must navigate a bewildering set of rules to take full advantage of the credits. A brief description of how credits are computed from these benefits is presented

• Creator/s: ERIC
• Date: 9/28/2009
• Year: 2009
• Book Topics/Themes: ERIC Archive, Taxes, Tax Credits, Family Income, Federal Aid, Welfare Services, Eligibility, Maag, Elaine

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