EARNED INCOME TAX CREDIT

As one of 25 states with a companion program to the federal Earned Income Tax Credit (EITC), New Jersey offers qualifying residents a credit of 30 percent of the federal benefit.  Equipped with data demonstrating the considerable value of the policy, leaders have advocated for an increase in the state EITC, a step New Jersey should take to enhance the economic stability of low- and middle-income citizens.