The Earned Income Tax Credit, or EITC, is a federal income tax credit for low-income working families and individuals. Twenty-three states and the District of Columbia have their own version of the EITC. Most state EITCs are based on the amount of the taxpayer's federal EITC and have the same or similar eligibility rules as the federal credit. Many state EITCs are also refundable.
Oregon Earned Income Tax Credit
Oregon offers a state earned income tax credit equal to a small percentage of a taxpayer's federal EITC. The credit is refundable, and it expires in 2013.
- State: Oregon (credit expires in 2013)
- Percentage of federal credit: 6%
- Is it refundable? Yes
- Income eligibility criteria same as federal? Yes