Bill > H2620

This bill establishes an early educator income tax credit in Massachusetts. The key provisions are: 1. The credit is available to eligible early childhood educators, defined as individuals who have been approved by the Department of Early Education and Care, have been employed continuously for at least 6 months of the tax year for an average of at least 20 hours per week at an eligible child care center, and qualify for the Earned Income Tax Credit. 2. The credit amount is $2,000, which will be adjusted annually to account for inflation starting in 2021. 3. The credit is refundable, meaning any amount exceeding the taxpayer's tax liability will be refunded to the taxpayer. The credit can be claimed in addition to other credits, such as the Earned Income Tax Credit. 4. To receive the credit, eligible early childhood educators must file an attestation form with their tax return, verifying their eligibility.

Budget and Finance

https://malegislature.gov/Bills/191/H2620