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Federal US tax forms: Explanation of the earned income credit

Why does eligibility for EITC stop at age 65? With many low income taxpayers needing to continue working after age 65, the EITC is needed to help make ends meet. I suppose the federal government thinks that at age 65 you will begin drawing Social Security, thereby having additional funds at that stage in your life. However, suppose you started to receive SSA at age 62. Your income at age 65 will continue to be the same except for minor annual cost of living increases. In fact, your income may even decrease at age 65 if you decide to participate in the paid portion of medicare.

So, you see, this wonderful program that is supposed to help low income individuals and families, actually stops when you reach 65.

What was the original intent of EITC?

What were the legislators thinking when they introduced it?

Were they thinking that something magical was going to happen when a taxpayer turns 65? Perhaps, that he or she was going to come into a great deal of money through inheritance or lottery?

If you are reading this, please write to your congressmen today and ask that they change the eligibily for EITC to include low income workers who continue to earn income after age 65. By doing this you will be helping your fellowman or woman that needs that little bit of help each year to survive.

Thank you for caring about others.

Thank you for waking up our congressmen to see reality as it is, not as they think it is.

We who are at low income who need to continue working part-time will be forever grateful to you for your thoughtfulness.

God bless you, and may your golden years be rich ones so that your will not have to depend on EITC to help make ends meet.

Learn more about this author, Richard Gowallis.
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Federal US tax forms: Explanation of the earned income credit

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