North Carolina H181 re-enacts the Earned Income Tax Credit to provide tax relief for working families.

North Carolina H181, the Tax Relief for Working Families Act, re-enacts the Earned Income Tax Credit to assist working families facing rising costs for essentials. The bill allows a credit of 20% of the amount qualified for under section 32 of the Code. The credit is refundable if it exceeds the tax imposed, and is effective for taxable years beginning on or after January 1, 2025.

North Carolina H181 re-enacts the Earned Income Tax Credit to provide tax relief for working families.

North Carolina H181, the Tax Relief for Working Families Act, re-enacts the Earned Income Tax Credit to assist working families facing rising costs for essentials. The bill allows a credit of 20% of the amount qualified for under section 32 of the Code. The credit is refundable if it exceeds the tax imposed, and is effective for taxable years beginning on or after January 1, 2025.