BOSTON, Mass. (WWLP) – Help could be on the way for low income and working families. State leaders are looking to expand the Earned Income Tax Credit program again. More than 400,000 Massachusetts residents currently qualify for the program.
The Earned Income Tax Credit helps the state’s working poor by reducing the amount of taxes they owe. It’s adjusted based on income and family size.
Less than three months ago, Governor Charlie Baker signed a law expanding the Earned Income Tax Credit from 15 percent to 23 percent of the federal level. Eligible families received close to $1,500 as a result.
Governor Baker and Senate President Stan Rosenberg want to expand the program even more. Baker told 22News “While I was thrilled working with the legislature to achieve a fifty percent increase in the Earned Income Tax Credit, I’m very interested in seeing if we can figure out a way to get a hundred.”
Baker also said he may try to expand the tax-break next year through his annual budget proposal.