Calculate Earned Income Tax Credit receipts
eitc inc invinc child year , generate(newvar)
Description
eitc calculates the amount of Earned Income Tax Credit (EITC) receipts received by a married couple filing jointly with a specified total annual income inc, investment income invinc and number of dependent children present child in any year year between 1975 and 2005.
inc and invinc should be recorded in current dollars.
To be counted as a dependent, the EITC requires that a child be under 19 at the end of year or under 24 and a full-time student.
year refers to the actual calendar year – users should remember that questions in datasets such as the Census and CPS refer to income in the previous calendar year.
Options
generate(newvar) is required and specifies the name of the new variable to be created.
Author
Kerry L. Papps, Cornell University, USA