Tag: ALICE

Pennsylvania House Passes State Earned Income Tax Credit

Bradley Vasoli

Pennsylvania state representatives this week passed legislation creating a state version of the Earned Income Tax Credit (EITC). 

The federal EITC, which went into effect in 1975, is designed to incentivize work. It ranges from $560 to $6,935 and goes to households earning up to $59,187. The proposed state-level counterpart would allow low-wage earners to claim 25 percent of the federal credit on their Pennsylvania taxes. Thirty-three states and the District of Columbia offer a similar credit.

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Bipartisan Measure Would Create a Pennsylvania Earned Income Tax Credit

Bradley Vasoli

Two Pennsylvania state Senators from opposite sides of the aisle are asking colleagues to support legislation they are drafting to create a state earned income tax credit (EITC). 

For nearly a half-century, lower-wage workers have benefitted from a federal EITC which ranges from $560 to $6,935 for a household earning up to $59,187, depending on the number of that filer’s qualifying children. In 2021, this program bestowed $1,874 on the average Pennsylvania family.

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