Because of which provision in the tax code did more than one-third of all taxpayers either have a zero tax liability or actually receive money from the IRS in 2006?
A) Earned Income Tax Credit
B) Standard Deduction
C) Marginal Tax Rate
D) Families with Low Income Credit

Question

Quizplus · Accepted Answer

The Earned Income Tax Credit is a provision in the tax code that provides a refundable tax credit for low- to moderate-income working individuals and families. This credit can result in a taxpayer receiving a refund from the IRS even if they had no tax liability for the year, which is why more than one-third of all taxpayers either had a zero tax liability or received money from the IRS in 2006.

Because of Which Provision in the Tax Code Did More