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Aug 13

Tax Foundation Gets It Backwards: EITC Boosts Employment and Work Effort

Rigorous and extensive research tells a success story we have explained about the Earned Income Tax Credit (EITC): it boosts employment, reduces poverty, and improves the lives of millions of hard working, poor families.
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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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20

May 13

Americans Understand That Families Need The Earned Income Tax Credit To Make Ends Meet

What does it really take for a family to “get by”? Gallup has been asking Americans that question for nearly 80 years. Their most recent survey shows that Americans believe that a family of four needs nearly $60,000 a year to make ends meet in their community.
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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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23

Jan 13

RSVP for Tomorrow’s EITC Briefing on Capitol Hill

Although the Earned Income Tax Credit (EITC) represents important help to millions of working families, as many as one in five eligible taxpayers fail to claim it.
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15

Jan 13

Join Us at an EITC Congressional Briefing on Thursday, January 24th

Tax Credits for Working Families will partner with the National Community Tax Coalition and several other national organizations to host a Congressional briefing in Washington, D.C. on the importance of the Earned Income Tax Credit (EITC) on Thursday, January 24.
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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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7

Jan 13

Prepare Now for EITC Awareness Day

The IRS has developed a wide array of resources for state and local organizations, policymakers and the media to help draw attention to the Earned Income Tax Credit (EITC) in their communities.
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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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