The new tool allows visualizing the impact on the economy and on people's pockets of some $2.6 billion that can be received from tax credits.
More than 304,000 families could benefit this year from the Child Tax Credit (CTC) and 466,000 families from the Work Credit benefit, which together will benefit their pockets and inject up to $2.6 billion into the Puerto Rican economy, according to for Youth Development Institute of the nonprofit Espacios Abiertos (EA). Economist María Enchautegui, the […]
An estimated 125,000 people, or 54,920 families or taxpayers, could cross the poverty line in Puerto Rico by adopting the new Earned Income Tax Credit, Economist Daniel Santamaría-Ots, senior public policy analyst at Espacios Abiertos, confirmed upon analyzing tax returns filed for the year 2019. The nonprofit released the results of the study entitled “The […]
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