Expands the Earned Income Tax Credit and Child and Family Tax Credit in Massachusetts to reduce poverty.

This bill expands the Earned Income Tax Credit (EITC) and Child and Family Tax Credit in Massachusetts to reduce poverty. It increases the credit amount for each eligible dependent or qualifying individual, provides advance payments of the credit, and requires the Department of Revenue to disseminate multilingual information about tax credits. The bill also mandates employers to post notices about tax credits and collaborates with various organizations to notify eligible individuals about available credits. The changes apply to tax years beginning on or after January 1, 2025.

Expands the Earned Income Tax Credit and Child and Family Tax Credit in Massachusetts to reduce poverty.

This bill expands the Earned Income Tax Credit (EITC) and Child and Family Tax Credit in Massachusetts to reduce poverty. It increases the credit amount for each eligible dependent or qualifying individual, provides advance payments of the credit, and requires the Department of Revenue to disseminate multilingual information about tax credits. The bill also mandates employers to post notices about tax credits and collaborates with various organizations to notify eligible individuals about available credits. The changes apply to tax years beginning on or after January 1, 2025.