Farmers and the Earned Income Credit

Thumbnail Image
Date
1997-03-14
Authors
Harl, Neil
Major Professor
Advisor
Committee Member
Journal Title
Journal ISSN
Volume Title
Publisher
Authors
Research Projects
Organizational Units
Organizational Unit
Iowa State University Digital Repository
The Iowa State University Digital Repository is the open access institutional repository for the university to collect, manage, share, and preserve free, worldwide access to research and scholarship of Iowa State faculty, staff, and students. Material in the Digital Repository covers a wide range of disciplines from engineering to social sciences to arts and humanities.
Journal Issue
Is Version Of
Versions
Series
Abstract

The earned income credit, enacted in the 1970s, was amended in 1996 to impose two changes in the disqualification rules. The 1996 legislation (1) reduced the investment income threshold that disqualifies a taxpayer for the earned income credit from $2350 to $2200 (and indexed the threshold for inflation based on the consumer price index for tax years beginning after 1996), and (2) added capital gain net income and net passive activity income to the definition of disqualified income, effective for tax years beginning after December 31, 1995.

Comments
Description
Keywords
Citation
DOI
Source
Copyright
Collections