Dollars that make sense 2009

 

For the 2005 tax year, more than 800,000 Ohio families received the federal Earned Income Tax Credit (EITC), a refundable tax credit for workers in families that make less than $42,000. The average EITC in Ohio was $1,756, bringing more than $1.4 billion into Ohio communities. Adding a 5 percent Ohio EITC to supplement the federal credit, as 24 states have done, would cost Ohio $73 million, less than one percent of 2008 state expenditures. This measure would provide an average of $92 each to eligible working families. This report chronicles the EITC in Ohio and analyzes a possible state EITC program in Ohio.

 

Press Release

 

Full Report

 

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 Fair Use Notice

 

 

 

4/15/2009

 

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