The authors determine what items are purchased using the earned income tax credit (EITC) -- one of the largest sources of public support for lower-income working families in the U.S. They find that recipient householdsAi EITC payments are used primarily for vehicle purchases and transportation spending, both of which are crucial to job access and consistent with the EITCAis pro-work goals. Tables and figures.For tax year 2004, the average EITC refund for recipient families with children was $2, 113, or 12 percent of their annual ... first quarter, and an additional 42 percent were distributed in the second quarter (U.S. Internal Revenue Service, 2006c).
|Title||:||How Do EITC Recipients Spend Their Refunds?|
|Publisher||:||DIANE Publishing - 2009-01|