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Jan 14

Webinar on SaveYourRefund, a New Savings Promotion for Tax Credit Recipients

The D2D Fund is offering a webinar for volunteer income tax assistance programs on a new campaign, SaveYourRefund, designed to encourage families to save a portion of their refunds, with a chance to win cash prizes.
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17

Dec 13

Revamped Website Helps Working Families Claim Tax Credits

The Earned Income Tax Credit (EITC) and the Child Tax Credit (CTC) lift millions of people out of poverty each year. Yet, many eligible workers miss out on the credits because they don’t know they qualify, don’t know how to claim the credits, or don’t know where to find free tax filing assistance.
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4

Nov 13

Online Training Offers Tools for Spreading the Word About Tax Credits for Working Families

Through a two-part series of online webinars, the National Women’s Law Center is working to reach out to low-income taxpayers that may qualify for certain tax credits but are unaware of their eligibility.
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17

Sep 13

Arloc Sherman: Official Poverty Measure Masks Gains Made Over Last 50 Years

With the Census Bureau due to release updated figures about poverty in America on September 17, some policymakers and commentators surely will compare today’s poverty rate to those of 1960s and conclude that the last half-century of federal efforts to alleviate poverty have largely failed — that, as some critics put it glibly, “the government declared war on poverty, and poverty won.”
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Aug 13

Federal Tax Code to Recognize Married Same-Sex Couples

Last month, we blogged about the Supreme Court ruling to strike down the Defense of Marriage Act and its tax credit implications for same-sex married couples. This monumental decision prompted the IRS to revisit our nation’s tax law, which has typically relied on state of residence rather than state of celebration of marriage for the purpose of filing jointly – proving challenging for same-sex couples that married in one state but reside in another state in which their marriage is not legally recognized.
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19

Aug 13

Members of Congress Seek Cosponsors for Bill that Would Extend, Strengthen and Simplify EITC

The sponsors of The Earned Income Tax Credit Improvement and Simplification Act of 2013 (H.R.2116), who introduced the bill this past May, are looking for co-sponsors as it makes its way through the House.
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24

Jul 13

State EITCs May Foster Economic Mobility

We have long known that the EITC is one of the most effective ways to reduce poverty in the short run. Now a new study reports that children of state EITC recipients are also more likely to have higher household incomes than their parents when they become adults.
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3

Jul 13

DOMA Struck Down; the Nation Revisits the Tax Code for Married Couples

Last week’s Supreme Court ruling to strike down the Defense of Marriage Act affirmed that same-sex marriages deserve equal treatment under federal law. One outcome is that, just like spouses of the opposite sex, these couples will now be able to file their federal income taxes jointly.
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25

Apr 13

New Focus on Tax Reform in the Senate

The discussion of tax reform was rejuvenated this week following an announcement from retiring Senate Finance Committee Chairman Max Baucus (D-Mont.) that he will use the time not spent campaigning for re-election to instead focus on an overhaul of the nation’s tax code.
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15

Apr 13

How Tax Credits for Working Families Would Fare Under the President’s Proposed Budget

Our analysis of President Barack Obama’s budget for 2014 released last week illustrates how challenging it can be to raise tax revenues substantially while protecting low- to middle-income families from tax increases.
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20

Mar 13

A Tale of Two Budgets

Last week, the House and Senate Budget Committees each released budget plans for fiscal year 2014. Both chambers are expected to vote on these plans before next week’s district work period.
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15

Mar 13

North Carolina reduces its state EITC and allows it to expire for future years

On Wednesday, North Carolina Gov. Pat McCrory signed legislation that not only reduces the state’s Earned Income Tax Credit (EITC) from the current 5 percent to 4.5 percent of the federal credit, but also allows the credit to expire altogether at the end of 2013 as scheduled.
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10

Jan 13

Guest Commentary: New State Data Show EITC’s Widespread Anti-Poverty Impact

Packed into the new year’s fiscal cliff deal was some good news for working families, including a provision that extends the 2009 Recovery Act expansions to the Earned Income Tax Credit (EITC) and Child Tax Credit (CTC) by five years—targeted expansions that strengthened these credits for working families in response to the Great Recession and weak economic recovery that followed.
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2

Jan 13

The Fiscal Cliff and Working Family Tax Credits

While the national media covered every twist and turn in the fiscal cliff negotiations, little attention was paid to the provisions of the law affecting tax credits for working families. So here’s the bottom line.
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