Low-income taxpayers could lose N.C. credit, By John Frank, February 15, 2013, Charlotte Observer: “Lawmakers appear unwilling to extend a tax break for low-income workers, in what critics are calling the third strike against the state’s least fortunate in the first 10 days of the legislative session. More than 900,000 low- and moderate-income taxpayers received the modest tax break last year under the state’s earned income tax credit or EITC. The state credit was established in 2007, but it is scheduled to expire at the end of 2013 unless legislators act to extend it…”
Tag: Earned income tax credit (EITC)
Earned Income Tax Credit – Connecticut
New state tax credit for working poor paid $601 on average, By Mara Lee, January 10, 2013, Hartford Courant: “About 13 percent of Connecticut households worked either so little, or at such low-wage work in 2011 that they were eligible for the new state Earned Income Tax Credit. The average filer’s income was $17,957, according to an analysis released Thursday by the fiscal policy center at Connecticut Voices for Children, an anti-poverty nonprofit. The state helps the working poor by paying them 30 percent of what they can claim on the federal EITC. So the average household gets $2,003 in the federal income tax credit, and $601 from Connecticut…”
Earned Income Tax Credit – Pennsylvania
Dismay as Corbett ends funding for tax-credit program for low-income families, By Alfred Lubrano, August 15, 2012, Philadelphia Inquirer: “The Corbett administration has stopped funding a program that helped low-income working people get federal tax credits that kept them out of poverty. The program, administered by the Department of Public Welfare for just over $500,000, also helped pay for low-income workers to have their taxes prepared free, which saves people at or below the poverty line hundreds of dollars, advocates say. The cut echoes growing concerns among Republicans in Congress about the federal Earned Income Tax Credit (EITC) and other similar measures, seen as too much government in a time of financial crisis. That would be a reversal of decades of bipartisan support for the tax credit, once called ‘the best antipoverty program in America’ by President Ronald Reagan…”