The reason is it’s easy to identify who is qualified for earned income. It’s a quick audit and a letter saying you owe back taxes. Very simple. I personally don’t think there should be earned income credit at all.
The reason is it’s easy to identify who is qualified for earned income. It’s a quick audit and a letter saying you owe back taxes. Very simple. I personally don’t think there should be earned income credit at all.
At least not refunding more than they had withheld. There’s a sweet spot in the tables where EITC gives thousands more than they paid in.