June 19, 2015

Littleton Independent: Momentum Grows for Earned Income Credit

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More than one in seven Massachusetts families benefits from the Earned Income Tax Credit, and the impact is even greater in many urban communities.

The current state Earned Income Tax Credit in Massachusetts is worth 15 percent of the federal credit, up to $921 for income-eligible taxpayers with three or more children.

Among the states that offer the credit, the average value of the credit is 16 percent of the federal Earned Income Tax Credit, according to the Institute on Taxation and Economic Policy. Seven states offer state credits worth more than 25 percent of the federal credit.

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