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 […]
— Read moreTax 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 […]
— Read moreEnacted 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 […]
— Read moreNew 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 […]
— Read moreFor working families with lower incomes, tax time can be extra stressful. Thankfully, there’s the Earned Income Tax Credit (EITC), which seeks to return more of the taxpayer’s earnings by way of a refund. This credit is an important part of a poverty reduction plan, as it seeks to keep families working even under low […]
— Read moreIn an effort to reduce poverty, the Earned Income Tax Credit (EITC) is an important tax benefit offered to working families with low incomes. Based on the federal credit, The Sooner State has offered a similar version of the credit on the state level. That means that taxpayers who claimed the federal credit will likely […]
— Read moreThe Earned Income Tax Credit (EITC) is put in place to help reduce poverty among working families, and to encourage employment despite low wages. At tax time, the credit can be extremely beneficial to families, as it puts more of their hard earned money back into their hands. The state of Rhode Island has enacted […]
— Read moreThe Earned Income Tax Credit (EITC) is an important tax benefit for working families as it seeks to put more of what the family earned during the year back into their hands. In an effort to keep poverty levels low and help encourage families to continue working regardless of their wages, New York state is […]
— Read moreThe Earned Income Tax Credit (EITC) is one credit offered by the government to working families with low-incomes, in an effort to keep them above the poverty line. The credit also helps to encourage families to continue to work, despite low earnings. The EITC can be a relief at tax time, and for Louisiana residents, […]
— Read moreTax time isn’t necessarily fun for anyone, but Kansas residents join twenty-four other states (and the District of Columbia) in enacting a state version of the Earned Income Tax Credit (EITC), which can help put a little more money back in your pockets. Based directly off the federal government’s version, Kansas residents can judge their […]
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