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The Earned Income Tax Credit, the Child Tax Credit, and the Child and Dependent Care Credit

  

Author:
Celia Cole /(512) 320-0222 x110

January 26, 2005

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Earned Income Tax Credit (EITC), the Child Tax Credit (CTC), and the Child and Dependent Care Credit are federally funded anti-poverty initiatives that help low-income individuals and families meet their basic needs. Households in poverty and those surviving on meager budgets can significantly benefit from these opportunities to increase their net income.