FY2026-27 Budget Rec Highlight Taxpayers
How Would NC Taxpayers Fare Under the 2026-27 Recommended Budget?
Head of Household with Two Children
Income: $44,000
Childcare expenses: $9,700
School Supplies: $600
This example represents a single parent working in retail and raising two school-aged children.
A substantial share of their total income goes toward childcare, including after-school programs, summer camps, and babysitting to accommodate shifting work schedules.
Their school supply spending focuses on essentials like backpacks, notebooks, and other classroom materials for both children.
This household benefits from the state Working Families Tax Credit, Child and Dependent Care Credit and the Sales Tax Holiday recommended in the Governor’s FY 2026-27 budget.
-$954 in Tax Savings
Dual-Earner Couple with Three Children
Income: $65,000
Childcare expenses: $13,000
School Supplies: $900
This example represents a family with two parents working as nursing assistants.
A large portion of their income is devoted to childcare to cover full-time work schedules throughout the year.
Their school-supply spending supports three children and includes calculators, textbooks, and educational technology for older children along with backpacks, notebooks, and other classroom materials.
This household benefits from the state Working Families Tax Credit, Child and Dependent Care Credit, and the Sales Tax Holiday recommended in the Governor’s FY 2026-27 budget.
-$715 in Tax Savings