• Phil Hardwick

Economic Impact of EITC in Mississippi

The Earned Income Tax Credit or the EITC is a refundable federal income tax credit for low to moderate income working individuals and families. When the EITC exceeds the amount of taxes owed, it results in a tax refund to those who claim and qualify for the credit.

Mark Craven, IRS Senior Stakeholder Liason, Mid-South Area, provides useful information about IRS matters for small businesses and others through a regular e-newsletter.  Below is some information he shared recently about the effect of the EITC on Mississippi.

State County, Parish, Etc. Number of Net EITC Recipients Average Net EITC Amount Total Net EITC Amount MSAdams4,696$2,440$11,458,304MSAlcorn3,877$2,275$8,819,013MSAmite1,538$2,376$3,654,140MSAttala2,916$2,542$7,412,144MSBenton920$2,383$2,192,818MSBolivar6,276$2,625$16,475,558MSCalhoun2,099$2,432$5,104,939MSCarroll1,264$2,500$3,159,903MSChickasaw3,308$2,369$7,837,210MSChoctaw888$2,440$2,166,915MSClaiborne2,147$3,168$6,802,367MSClarke2,333$2,399$5,597,412MSClay2,920$2,438$7,118,136MSCoahoma5,407$2,723$14,721,986MSCopiah4,761$2,483$11,820,193MSCovington3,075$2,607$8,015,768MSDeSoto13,575$2,219$30,126,784MSForrest11,792$2,372$27,969,491MSFranklin1,059$2,454$2,598,771MSGeorge2,348$2,228$5,231,398MSGreene1,128$2,480$2,797,112MSGrenada3,287$2,333$7,666,962MSHancock3,304$2,199$7,265,902MSHarrison21,389$2,229$47,669,156MSHinds40,179$2,626$105,507,447MSHolmes4,653$2,836$13,194,358MSHumphreys2,147$2,798$6,006,982MSIssaquena160$2,748$439,670MSItawamba3,086$2,168$6,689,430MSJackson12,754$2,261$28,836,956MSJasper2,811$2,499$7,023,567MSJefferson1,668$2,752$4,590,385MSJefferson Davis1,997$2,537$5,065,599MSJones7,891$2,383$18,803,252MSKemper1,573$2,466$3,878,955MSLafayette3,462$2,127$7,364,550MSLamar3,189$2,322$7,405,672MSLauderdale10,613$2,429$25,777,575MSLawrence2,307$2,246$5,181,321MSLeake3,386$2,475$8,379,285MSLee11,110$2,298$25,530,735MSLeflore5,856$2,660$15,579,253MSLincoln3,824$2,298$8,788,213MSLowdnes7,440$2,455$18,264,963MSMadison9,206$2,583$23,887,307MSMarion3,757$2,696$10,127,154MSMarshall6,142$2,284$14,026,135MSMonroe5,003$2,291$11,463,926MSMontgomery1,884$2,430$4,578,101MSNeshoba4,591$2,353$10,802,392MSNewton2,705$2,476$6,696,536MSNoxubee2,267$2,679$6,072,564MSOktibbeha4,479$2,323$10,404,332MSPanola6,235$2,537$15,815,539MSPearl River5,695$2,306$13,131,916MSPerry1,420$2,313$3,284,591MSPike7,026$2,693$18,921,531MSPontotoc3,054$2,234$6,822,794MSPrentiss2,338$2,294$5,363,988MSQuitman1,367$2,631$3,596,114MSRankin10,972$2,190$24,029,496MSScott4,798$2,537$12,174,311MSSharkey1,088$2,824$3,072,804MSSimpson3,618$2,453$8,873,758MSSmith1,696$2,431$4,122,536MSStone2,018$2,382$4,807,744MSSunflower5,380$2,796$15,042,976MSTallahatchie2,338$2,573$6,016,232MSTate3,205$2,381$7,630,915MSTippah2,892$2,247$6,498,553MSTishomingo1,873$2,137$4,002,172MSTunica2,940$2,727$8,017,889MSUnion2,973$2,251$6,693,473MSWalthall1,956$2,735$5,349,810MSWarren7,201$2,537$18,270,979MSWashington10,528$2,862$30,127,981MSWayne2,550$2,612$6,661,731MSWebster1,725$2,438$4,205,004MSWilkinson1,576$2,422$3,817,768MSWinston2,647$2,403$6,360,369MSYalobusha2,269$2,305$5,229,483MSYazoo4,084$2,607$10,646,713

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