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Guerrero, Robin; Tiggeman, Theresa; Edmond, Tracie – American Journal of Business Education, 2010
Two important provisions of the Internal Revenue Code were the creation of the Earned Income Tax Credit and Child Tax Credit. Each of these credits were designed to reduce the amount of tax owed, thereby offsetting some of the increases in living expenses and federal income tax. For many this results in a smaller a tax liability. For others with…
Descriptors: Tax Credits, Income, Economic Impact, Program Descriptions