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Elementary School Kids

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DOING AWAY WITH EIC (EARNED INCOME CREDIT)?????

Posted by

NoahsCoolMama

on Feb. 13, 2012 at 10:05 AM

Member

60 Replies

My mom and brother told me that starting next year on taxes, people will no longer be able to claim EIC (earned income credit). Is this true? I googled searched it, but only found that Obama is doing away with earned income credit advances, which is totally different from the EIC that people claim on their taxes. If they do, we are sunk, because our tax check is what we use to send our son to a Private Christian School. It pays most of his tuition, and then we add some to it every month. Please tell me what you have heard about this ladies!!!!

Posted by

NoahsCoolMama

on Feb. 13, 2012 at 10:05 AM

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auroragold

Group Mod on Feb. 13, 2012 at 10:08 AM

As far as I have read - there is no truth to this. In fact, the only ones calling for an elimination of the EIC are the republican and tea-party presidential hopefuls

tarinah

New Member on Feb. 13, 2012 at 10:09 AM

1 mom liked this

Haven't heard anything about it. With the way our economy is, i think its a smart decision!

Barabell

Group Mod - Barbara on Feb. 13, 2012 at 10:29 AM

Quoting tarinah:

Haven't heard anything about it. With the way our economy is, i think its a smart decision!

Why would it be a smart decision based on our economy right now?

tarinah

New Member on Feb. 13, 2012 at 10:31 AM

if they took away people might actually pay into taxes!

Quoting Barabell:

Quoting tarinah:

Haven't heard anything about it. With the way our economy is, i think its a smart decision!
Why would it be a smart decision based on our economy right now?

Im a 31 year old army wife and proud SAHM mom. I am a cloth diapering, selective vaccinating, non-circumsizing, extended breastfeeding, and ERF kind of mama to Colton 2 and Sierra 4. I do what is best for MY children!!!

stacie0375

on Feb. 13, 2012 at 10:32 AM

I hope not. I depend on the money from the EIC to pay bills. I don't just blow that money on crap, I actually put it towards things I need.

Barabell

Group Mod - Barbara on Feb. 13, 2012 at 10:36 AM

How does having lower income parents paying more taxes help the economy? I still don't understand. Please explain.

Quoting tarinah:

if they took away people might actually pay into taxes!

Quoting Barabell:

Quoting tarinah:

Haven't heard anything about it. With the way our economy is, i think its a smart decision!
Why would it be a smart decision based on our economy right now?

TrouserMouse

on Feb. 13, 2012 at 10:37 AM

No, if they do away with EIC, the amount of people totally depending on welfare will rise considerably.

Barabell

Group Mod - Barbara on Feb. 13, 2012 at 10:39 AM

I tried googling it too, and I didn't see anything either that it is being taken away. Just that the advancement is no longer happening. Maybe they misunderstood a news story about the advancement ending?