Accounting Today: Tax Breaks Make an Impact on Fighting Poverty

“The Institute on Taxation and Economic Policy has updated its report on State Tax Codes as Poverty Fighting Tools, which examines how refundable Earned Income Tax Credits, property tax breaks, targeted low-income tax credits and child-related tax credits are working in different states. While a number of states such as California, Maine, Massachusetts, New Jersey and Rhode Island have either introduced or expanded their EITC this year, some states have failed to pass EITC legislation.”

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