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[IWS] Brookings: EARNED INCOME TAX CREDIT (EITC) INTERACTIVE RESOURCES [15 April 2014]
IWS Documented News Service
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
16 East 34th Street, 4th floor---------------------- Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
EARNED INCOME TAX CREDIT (EITC) INTERACTIVE RESOURCES [15 April 2014]
The Earned Income Tax Credit (EITC) Interactive provides users with access to IRS data on federal individual income tax filers. Information on all tax filers and on filers who claim the EITC are available for all ZIP codes, cities, counties, metropolitan areas, states, state legislative districts, and congressional districts in the United States. Click here to read the user guide (PDF).
Press Release 15 April 2014
New Data Illustrate Local Impact of Tax Credits for Working Families
by Jane R. Williams and Elizabeth Kneebone
This Tax Day we want to draw your attention to newly-released resources that demonstrate the widespread impact of federal tax policies targeted to low- and moderate-income working families, particularly the Earned Income Tax Credit (EITC) and the Child Tax Credit (CTC).
New IRS data for Tax Year 2012, now available through our EITC Interactive, show that in 2012, 26.2 million filers received the EITC, claiming an average credit of $2,359. Almost 60 percent (15.7 million) of EITC filers also went on to receive the refundable portion of the Child Tax Credit, claiming an additional $1,266 on average.
These refundable tax credits not only encourage and support work but also offer an effective poverty alleviation tool. As we wrote earlier this year, according to the Census Bureau’s Supplemental Poverty Measure (SPM), nationally the poverty rate would have been 3 percentage points higher in 2012 without the EITC and the refundable portion of the CTC. For children, the impact of these credits was even greater, effectively lowering the child poverty rate by 6.7 percentage points.
The new EITC Interactive data provide a variety of detailed information on all tax filers and EITC recipients in particular, and allow users to see the extent to which their community benefits from different elements of the tax code. Data are available for download at different levels of geographic detail, including ZIP codes, cities, counties, metro areas, and states. And users can also find data for state legislative and congressional districts.
AND MUCH MORE….
This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.
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