Millions would become eligible, and the benefit could triple for some.
An expanded earned income tax credit has been floated by a number of Democratic presidential hopefuls.
“It is, in a way, a map of poverty in this country,” ProPublica reporter Paul Kiel says.
The Republican tax bill moves away from using the tax code as social engineering, though some behaviors are still incentivized.
That's about two weeks later than usual.
The IRS won't be able to send some workers' refunds next year until after Feb. 15.
Tax-prep costs cut into refunds from the earned income tax credit.
When both spouses earn similar incomes, married couples may pay more in taxes.
Today is Earned Income Tax Credit Day, which highlights the benefit for low- and moderate-wage earners.
