The 2019 Legislative session is coming to a close and budget negotiations are in full swing. As lawmakers work on the budget for next year, they have a chance include a boost for working families by restoring the full-value of the Earned Income Tax Credit (EITC). Write a letter to your legislators here.
Restoring the EITC is good for Oklahoma families and our state.
- The state EITC helps to keep working families out of poverty and improves the health and well-being of low-wage families.
- EITC households spend a large portion of their refund on basic needs, boosting the local economy.
- The state EITC helps people keep working despite low wages, which benefits their family, their community, and the economy.
- For more information on the EITC, visit oksays.com
In 2016, the state Legislature made the Oklahoma EITC non-refundable, so if the credit is more than what a family owes in income taxes the balance won’t be refunded to them. Two in three households that claim the EITC – over 200,000 hard-working families – lost some or all of their credit. A single parent with 2 children working full-time and making $10 per hour lost $231. The average loss was $121 per family.
For updates on other key bills we’re following, visit the OK Policy Bill Watch.