Abstract
This chapter describes the federal Earned Income Tax Credit (EITC) enacted in 1975 to help offset Social Security taxes for low-income families with children. The EITC was also meant to provide those taxpayers with an increased incentive to work. The tax credit provides significant benefits to low-income working families and the communities in which they live. Eligibility for the EITC is discussed in relation to rural families. Past research on EITC is reviewed and framed within the behavioral life-cycle theory. The inclusion of self-control, mental accounting, and life-cycle saving is discussed. Findings from the Rural Families Speak (RFS) project are included.
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