State tax credits could provide a financial boost to families that need it the most

Average size of annual credits by income group from a state earned income and child tax credit in North Carolina, 2023 dollars

Proposed EITC would provide a credit worth 20% of the federal credit. Proposed CTC would provide families with low and moderate incomes with $250 or $125 based on their adjusted gross income. Income groups in this chart reflect total income and so may be higher than adjusted gross income. Many but not all households would be eligible for both credits.
Chart: NC Budget & Tax Center Source: Institute for Taxation and Economic Policy analysis of proposed state credit for children and earned income tax credit. Get the data