Montgomery County Community Action

Montgomery County Community Action

Monday, November 16, 2015

New Report Highlights the Impact of EITC on MD Residents

A new report from the Center on Budget and Policy Priorities emphasizes the tremendous impact of Earned Income Tax Credits on low-income Maryland residents.  According to the report:

  • 425,000 Maryland households received the EITC in 2012
  • 324,000 Maryland households received the low-income part of the CTC in 2012
  • 115,000 Marylanders were lifted out of poverty by the EITC and CTC, including 58,000 children, each year, on average, during 2011 to 2013
  • The EITC put about $931 million into Maryland’s economy in 2012.

To view the full report, please click HERE

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.