A key policy to help working families make ends meet is North Carolina's refundable state Earned Income Tax Credit (EITC). The credit at the state level works by supplementing the same federal policy that has been in place since the 1970s and been demonstrated to reward work and keep families out of poverty. The way it works is by offsetting the greater share of the income paid in taxes by the lowest income North Carolinians. Through the EITC, eligible working families receive a tax credit and a boost to their incomes.
At a critical time in North Carolina's economic recovery more than 880,000 families qualify for the state EITC. These families benefit from the average credit of $100 to pay for groceries, utilities, and transportation to work. The credit also ripples into local economies and maintains spending in communities and businesses.
North Carolina must continue to support working families with a strong state Earned Income Tax Credit.
To endorse the NC Budget & Tax Center's Campaign to Strengthen the EITC, fill out the form below. As an endorsing organization or individual, you will receive occasional email updates on the campaign.