Politics & Government

Gov. Baker Signs Earned Income Tax Credit Increase

Over 400,000 to benefit from 50 percent increase in Earned Income Tax Credit Increase, according to state officials.

Photo Credit: Gov. Charlie Baker, @MassGpvernor, tweeted this message just after 2 Wednesday afternoon, “With the support of @SenStan, @SpeakerDeLeo, today we deliver tax relief to 400k hardworking ppl & families #EITC” along with the photo.

By LINDA BOCK (Patch Staff)

Gov. Charlie Baker signed an earned income tax credit increase into law on Wednesday at the Statehouse.

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Baker was joined by Lt. Gov. Karyn Polito, Senate President Stan Rosenberg and stakeholders to enact a 50 percent increase in the Massachusetts Earned Income Tax Credit. Over 400,000 working individuals and families in the Commonwealth will benefit, according to state officials.

A refundable earned income credit is available to certain low-income individuals who have earned income and meet certain federal requirements for the federal earned income credit.

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The bill increases the Massachusetts Earned Income Tax Credit (EITC) from 15 percent to 23 percent of the federal EITC, extending the maximum state credit from $951 to $1,459 and meaning as much as $500 in additional support for those who are eligible.

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