Fiscal Policy

Earned Income Tax Credit

REUTERS/Mike Segar - A U.S. 1040A Individual Income Tax form is seen at a U.S. Post office in New York April 15, 2010.

Blog Post

New EITC payment options could boost family economic stability

December 21, 2015, Elizabeth Kneebone and Steve Holt

As the holiday season rolls around each year, it often carries a hefty price tag that can strain family budgets. In a survey of low-income taxpayers using volunteer tax preparation services, three-quarters of respondents listed December as a time of year when it’s hardest to make ends meet. But it’s not the only one. Low-income families go through a constant year-round balancing act of juggling bills, going without, asking family and friends for help, and taking on debt when they fall behind.

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