The Earned Income Tax Credit and Chid Tax Credit help working North Carolina families releive the pressure of tight budgets and make ends meet. Click to learn more about these tax credits, and what you can do to help preserve them.
More than 800,000 North Carolinians claimed the state Earned Income Tax Credit in 2011. Research has shown the EITC to be the most effective tool for lifting children and their families out of poverty.
Started in the 1970s by President Ronald Reagan, the EITC is available to low- and moderate income workers and is equal to 5 percent of the federal EITC. It is designed to encourage and reward work as well as offset the substantial state and local tax contributions of these workers.
Raleigh, NC – The number of children living in high-poverty communities in North Carolina more than doubled over the past decade, according to a new KIDS COUNT Data Snapshot from the Annie E. Casey Foundation. One in 10 children in North Carolina now lives in high-poverty communities, up from 4 percent in 2000.
In Vance County, 54% of children live in poverty.
North Carolinians have long recognized that children are one of our state’s most valuable resources and their success is our success. Investing in the health, safety, education and financial security of our children are among the most important duties of our society. As the recession continues to stress North Carolinians, it is critical that policymakers focus on preserving services for children and families.
