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Www Tax Brackets Orgrhodeislandtaxformsform RiRhode Island Tax Brackets Org Federal & State Income Tax

Www Tax Brackets Orgrhodeislandtaxformsform RiRhode Island Tax Brackets Org Federal & State Income Tax

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hi I'm mark for each XCOM the earned income tax credit eitc is put in place to help reduce poverty among working families and to encourage employment despite low wages at tax time the credit can be extremely beneficial to families is it puts more of their hard-earned money back into their hands the state of Rhode Island has enacted their own version of a credit model that to the federal credit following the same rules for eligibility the state eitc allows taxpayers who claim the federal credit the opportunity to claim a state credit as well the eitc Rhode Island is given it ten percent of the federal credit and can be used to reduce the state income tax of family owns the credit is also fully refundable in Rhode Island which means that any amount over what the taxpayer owes is returned to them via refund any family without tax liability can receive the whole credit amount as a refund in issuing a refund to the credit the state eitc is effective in keeping poverty levels low as

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