Share of Tax Returns Receiving the Earned Income Tax Credit in New Hampshire

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Why This Indicator Matters

The EITC is one of the most successful anti-poverty programs in the nation. It lifted about 5.8 million people out of poverty across the United States in 2016, with over half of those people under age 18 (CBPP, 2018).

In addition to the federal EITC, 30 states (including Washington, DC) have adopted their own EITC to provide additional support for working families. States vary in the generosity of their EITC, with some providing 3.5 percent (Louisiana) of the federal EITC to working families and others providing up to 40 percent (Washington, DC). State EITCs provide relief for many working families by pulling them above the poverty line and by increasing the cash income of poor families. As of this writing, New Hampshire does not have a state EITC, but estimates suggest that, with a 30 percent match of the federal EITC, the poverty rate would have dropped by 6.9 percent (Gagnon, Mattingly, and Schaefer, 2017).

References:
Center on Budget and Policy Priorities (CBPP) (2018). “Policy Basics: The Earned Income Tax Credit.” Retrieved April 28, 2018.

Gagnon, Douglas J., Marybeth J. Mattingly, and Andrew Schaefer (2017). “State EITC Programs Provide Important Relief to Families in Need.” Carsey School of Public Policy.
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Definitions: Here, we display the share of federal income tax returns in New Hampshire that claimed the Earned Income Tax Credit (EITC) in 2014, the most recent year for which these data are available.

The EITC is a federal program aimed at encouraging work and subsidizing earnings among low- to middle-income families, particularly those with children, by providing cash in the form of a tax credit. The value varies by family composition and earnings.

Data Source: Source: Brookings 2016; IRS 2014
Brookings (2016). Earned Income Tax Credit (EITC) Interactive and Resources.
https://www.brookings.edu/interactives/earned-income-tax-credit-eitc-interactive-and-resources/

Internal Revenue Service (IRS) (2014). SOI Tax Stats – County Data.
https://www.irs.gov/statistics/soi-tax-stats-county-data