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ERIC Number: ED508260
Record Type: Non-Journal
Publication Date: 2009-Sep-28
Pages: 1
Abstractor: ERIC
Reference Count: N/A
Credits and Exemptions for Children. Tax Facts from the Tax Policy Center. Tax Notes[R]
Maag, Elaine
Urban Institute (NJ1)
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.
Urban Institute. 2100 M Street NW, Washington, DC 20037. Tel: 202-261-5687; Fax: 202-467-5775; Web site:
Publication Type: Reports - Descriptive
Education Level: Adult Education
Audience: Researchers; Policymakers
Language: English
Sponsor: N/A
Authoring Institution: Urban Institute; Brookings Institution
Identifiers - Laws, Policies, & Programs: Earned Income Tax Credit