Uncategorized

New analysis on the beneficial impacts of the state Earned Income Tax Credit

Today the Budget & Tax Center released a brief, “North Carolina’s Earned Income Tax Credit: A Support to Working Families with Widespread Benefits”, that presents county level data on the number of working families receiving the state Earned Income Tax Credit (EITC). Among the facts offered about the credit:

  • The state EITC provides workers earning low wages with a credit to offset their total state and local tax contributions. The state EITC was worth 5 percent of the federal EITC to a family claiming the credit in 2010.
  • Recently available data from the N.C. Department of Revenue show that more than 883,000 North Carolinians claimed the credit in 2010 and that they live in every county in the state.
  • National research on the EITC finds that the credit has reached nearly half of workers with children at some point and the majority received it for a short period of time.

Click here to read the brief and to see how the credit boosts the economies of each of the state’s 100 counties.

Check Also

The best editorial of the weekend

There were lots of good ones, but the ...

Top Stories from NCPW

  • News
  • Commentary

The following information is gathered from the Guttmacher Institute: 90% — North Carolina counties i [...]

Nothing is off the table when it comes to Republican judicial reform, and a former Wake County judge [...]

On a cozy autumn evening at the luxurious Umstead Hotel in Cary, a medley of corporate luminaries, s [...]

A fix for North Carolina’s class size crisis in March? A GOP senator from Wake County tells his cons [...]

On the 45th anniversary of Roe v. Wade, the U.S. Supreme Court decision that legalized abortion in t [...]

The post Classic projection appeared first on NC Policy Watch. [...]

It was a snowy and shortened work week for a lot of people in North Carolina, but unfortunately, tha [...]

Mounting student debt is a nagging problem for most families these days. As the cost of higher educa [...]

Upcoming Events

Featured | Special Projects

NC Budget 2017
The maze of the NC Budget is complex. Follow the stories to follow the money.
Read more


NC Redistricting 2017
New map, new districts, new lawmakers. Here’s what you need to know about gerrymandering in NC.
Read more