Making the earned income tax credit work for workers ages 65 and older
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From its modest start in 1975, the Earned Income Tax Credit (EITC) developed into one of the largest means-tested antipoverty cash assistance programs. Because of its restrictive age
ceiling, however, the EITC excludes most workers ages 65 and older. This _Insight on the Issues_ argues that removing the age restriction for older workers should be a key priority in
updating the policy for today’s socio-economic environment. Expanding EITC eligibility to include older workers would be consistent with broader policy goals to improve retirement security
and the well-being of low-income workers ages 65+, could help grow the domestic workforce, and would be fiscally responsible and administratively feasible.