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7 Answers

Will the earned income credit end?

Asked by: samserio 1660 views YA Discussion

I’ve heard from multiple people that the earned income credit may be about to end with all the other possible tax changes coming up. I havent heard or read anything about this in the news. The only thing I know of that may be about to expire are the Bush tax cuts, and I don’t believe earned income credit is tied into that. Has anyone else heard this? Is it true?

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7 Answers



  1. Judy on Sep 30, 2012 Reply

    I’d be astonished if it did. I wouldn’t worry about it.

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  2. acmeraven on Sep 30, 2012 Reply

    Just this morning I observed the talking heads discussing the fact that obama wants everybody to be patriotic economically and pay more taxes. I have this sinking feeling that we are being primed for the tax changes that loom; and, the elimination of many of the credits will be part of this process. Nothing is sacred when it comes to politicians and their willingness to make sacrifices; isn’t it interesting the sacrifices always get to be made by you and me, the taxpaying workers? Why not sacrifice some politicians for a change? Gasp!!!!!!

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  3. Bobbie on Sep 30, 2012 Reply

    No not for the taxpayers that can really meet all of the rules to be able to qualify to claim it at any time soon. BUT for a lot of the ones that have claiming it when they do not really meet all of the rules that they do have to meet for this purpose.
    It is getting harder for the ones that do not meet the rules that have been claiming the EITC and receiving it in the past years to be able to continue to do so in the future with the updated IRS computer system that they have started using during the 2012 tax filing season for this purpose and time.
    Good luck to you.
    Hope that you find the above enclosed information useful. 09/29/2012

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  4. Cathi K on Sep 30, 2012 Reply

    All credits have an expiration date. The most common ones are always voted back in when they expire. The 2009 stimulus act expanded EIC to 3 children. The stimulus program is coming to an end this year. EIC will return to 2 children.

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  5. figment_usa on Sep 30, 2012 Reply

    The EIC has been in place since the 1980′s. I would be astonished if it was abolished.

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  6. tro on Sep 30, 2012 Reply

    this credit has been in effect probably more than 20 years and altho there have been some temporary adjustments added, the credit itself appears to be deeply entrenched
    and Bush has nothing to do with it, this was no less than 20 yrs ago that it was enacted

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  7. Lynne on Sep 30, 2012 Reply

    The EIC credit has been more generous the last few years. It is this extra EIC that people are probably referring to. The credit is set to go back to something more similar to 2008 levels in 2013.

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