More states give tax credits to working poor

This tax season, even more low- and moderate-income taxpayers can look forward to a check from their states along with their federal refunds, thanks to new state laws that aim to put cash in the hands of the working poor.

Washington state, New Mexico, North Carolina and Louisiana this year joined 20 other states in offering so-called Earned Income Tax Credit (EITC) programs — an initiative patterned after a successful federal tax credit program for the poor launched in the mid-1970s that gives federal taxes back to low-income taxpayers. In addition, several states with existing programs increased the amount of the benefits. To read the rest of the article, CLICK HERE. {source: www.stateline.org}