An additional tax credit given to qualified taxpayers earning below a specific income threshold, with at least one young child in residence (older children do not qualify for this credit). This credit is provided as a dollar-for-dollar tax liability reduction and is typically used for health insurance purposes.
Related information about Supplemental Young Child credit:
- 340.8 Resource Exclusions
Feb 14, 2012 ... Supplemental Young Child Credit. This is available at the end of the year to a family with an infant who does not qualify for the dependent care ...
- Earned Income Credit | Payroll-Taxes.com
The supplemental young child credit and the supplemental health insurance credit were repealed. The earned income and phase out amounts are adjusted for ...
- JCX-57-95 - Joint Committee on Taxation
Finally, OBRA 1993 repealed the supplemental young child credit and the supplemental health insurance credit. The implementing legislation for the General ...
- Eleanor Holmes Norton on Welfare & Poverty
Jun 10, 2012 ... Provisions Relating to Earned Income Credit: Amends the Internal Revenue Code to repeal the supplemental young child credit and revise and ...
- Charles Rangel on Welfare & Poverty
Jun 9, 2012 ... Provisions Relating to Earned Income Credit: Amends the Internal Revenue Code to repeal the supplemental young child credit and revise and ...
- Peter Deutsch on Welfare & Poverty
Mar 15, 2012 ... Provisions Relating to Earned Income Credit: Amends the Internal Revenue Code to repeal the supplemental young child credit and revise and ...
- Carrie Meek on Welfare & Poverty
Mar 15, 2012 ... Provisions Relating to Earned Income Credit: Amends the Internal Revenue Code to repeal the supplemental young child credit and revise and ...
- PDF (351 K) - National Bureau of Economic Research
TABLE 1. Earned Income Tax Credit Parameters: 1975-1997. (a)Basic credit only . Does not include supplemental young child credit or health insurance credit.