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Program

Earned Income Tax Credit

Department: Treasury

The cabinet-level department or independent agency responsible for the program

Agency: Internal Revenue Service

The specific agency or sub-agency that administers the program

Program Type:Tax Expenditure

The functional category of the program
In Official FIP? Not represented

(Refundable tax expenditure not included in assistance-style inventories.)

Confidence Level: Medium

Authorizing Statute: 26 U.S.C. 32

Funding Status: Permanent tax authority

Primary Source: https://uscode.house.gov/download/download.shtml

Notes: Refundable tax credit for eligible workers and families.

Additional details about data sources and custom mapping of data are available on the Data Details page.

Outlays (millions)

Actual money spent in FY2024

$0

Source: Account-group/reference mapping (medium confidence)

Obligations (millions)

Money the government committed to spend in FY2024

$0

Source: Account-group/reference mapping (medium confidence)

Budget Authority (millions)

The amount Congress authorized agencies to commit

$0

Source: 0 entered intentionally to avoid double counting or because this fiscal flavor is not primary for this row; see Fiscal Method.

Revenue Loss (millions)

Estimated revenue not collected due to tax policy (tax expenditures)

$70440

Source: Account-group/reference mapping (medium confidence)

Primary Amount

The primary fiscal measure used for the program

$70440

Dollar Basis

The primary fiscal measure used for the program

Revenue Loss

Note: Primary basis is revenue loss for tax expenditures.

Dollar Quality

How directly the dollar amount reflects observed data

Actual

Actual = reported or observed spending, Estimated = derived from modeling or mapping, Carry-Zero = structural row with no direct dollars