News Round Up: March 11, 2024

Top Story: President Joe Biden shared budget plans to restore the expanded federal Child Tax Credit (CTC) and federal Earned Income Tax Credit (EITC) as enacted under the American Rescue Plan in 2021. President Biden’s budget re-expands the CTC from $2,000 per child to $3,600 and permanently expands the EITC, increasing the household income of 19 million low-wage workers. (The White House)

  • The Food Research & Action Center joins a group of national anti-hunger organizations in signing and sending a letter to the Senate, urging legislators to pass the Tax Relief for American Families and Workers Act, which expands the federal CTC. (Food Research & Action Center)
  • The Colorado Department of Public Health and Environment (CDPHE) announced the Get Ahead Colorado campaign designed to help filers find free tax-filing assistance and ensure eligible filers can claim federal and state tax credits. (Colorado Sun)
  • Connecticut democratic legislators recently proposed a refundable state CTC valued at $50 per child beginning July 2024 and increasing to $600 within a four-year increment. (CT Examiner)
  • New York Kathy Hochul (D) and Code for America announced the launch of FileYourStateTaxes, a tool that helps low- and middle-income New Yorkers save on tax preparation fees and claim essential tax credits, such as the local EITCs and expanded Empire State Credit. (WKTV)
  • The Institute on Taxation and Economic Policy (ITEP) released a statement in response to President Biden’s tax agenda and shared useful resources relevant to the White House proposals following the State of the Union. (Institute on Taxation and Economic Policy)