Childless, independent workers aged 18 to 24 will receive Maine’s earned income tax credit for the first time starting in 2020 under a bill signed by Mills Tuesday, according to the non-partisan, nonprofit Maine Center for Economic Policy.
The liberal-leaning nonprofit estimates the law could benefit over 100,000 Maine households. It would boost the credit from 5 to 12% of the federal refund for families with children, which brings the maximum state credit from $328 to $787 annually.