Monthly Archives: May 2016

Iowa’s Reciprocal Tax Agreements

When you live near the border of another state, it’s quite common that you will cross into the other state for employment. In these cases, you may worry that you’ll be paying income tax twice on the money you earn, as you’ll owe both the state you work in and your home state. However, many […]

In the Garden State, working families have the opportunity to claim a state version of the Earned Income Tax Credit (EITC), which seeks to put more money back into the taxpayer’s hands. Along with twenty-four other states and the District of Columbia, New Jersey enacted the EITC and modeled the state credit after the federal […]

The Earned Income Tax Credit (EITC) is one way that taxpayers can get back more of their hard earned money come tax time. Nebraska offers a state version of the credit, which is modeled similarly to the federal credit, as far as eligibility requirements go. A Nebraska taxpayer who qualified for the federal credit will […]

Tax time doesn’t have to be stressful for low income working families thanks to the Earned Income Tax Credit (EITC). Seeking to keep families out of poverty and help them keep working regardless of wages, the tax credit is available on both a federal and state level for residents of Wisconsin. Wisconsin’s EITC is modeled […]

For low income families, finding a way to stretch each dollar can be important. Many look forward to their tax refund as a welcome relief to living on a budget. In Minnesota, the state government has enacted their own version of the Earned Income Tax Credit (EITC), which helps working families stay out of poverty […]

Working for low wages can be tough when trying to support a family. Thankfully, some relief is available through a tax benefit called the Earned Income Tax Credit (EITC). The federal government created the credit to give working families an incentive to continue to work and reduce poverty levels. The state of Virginia has enacted […]

The Earned Income Tax Credit (EITC) is an important tax benefit for working families with low income. Though under-utilized, this credit seeks to reduce poverty and has been proven effective in doing so by putting more of the taxpayer’s money back into their hands. The state of Vermont has enacted their own version of the […]

Tax time can be extra stressful for working families with state income tax liabilities, especially if their income is lower than average. Thankfully, the government has offered the Earned Income Tax Credit (EITC) to working families with low wages as a way to help reduce poverty and encourage employment despite minimal salary amounts. The state […]

Enacted in 2008, the state of Washington has created their own version of a federal tax benefit in an effort to reduce poverty among working families. The Earned Income Tax Credit (EITC) seeks to put more money back into the hands of earners, and encourage families to continue to work despite lower wages. Modeled after […]

New Mexico has enacted a state version of the Earned Income Tax Credit (EITC). Modeled after the federal credit, the state follows the same requirements for eligibility and income. A resident who was eligible to claim the federal credit will also be able to claim the state version, as the rules are similar. The EITC […]