Weekly News Round-up: February 29, 2016
Here are some highlights from the past week’s news and upcoming events on family tax credit issues. Remember – you also can track news coverage throughout the week by visiting our website, where you can filter news by a specific credit or state.
- To collect the Earned Income Tax Credit (EITC) and Child Tax Credit (CTC), taxpayers must navigate complicated forms and complex rules in the tax code. That process becomes even more challenging when the filer is part of an untraditional family structure like a single-parent household or a grandparent raising grandchildren. The Tax Policy Center is holding an event this Thursday, March 3, addressing how these complex family structures can affect tax filing. Complex Families and Complex Taxes, will feature an expert panel, including Francesca Jean Baptiste from Maryland CASH Campaign, Elaine Maag from the Tax Policy Center, Nina Olson of the IRS, and Elizabeth Peters from the Urban Institute. The event will be held from noon-1:30 p.m. EST. To register click here.
- Warren Buffet cited the EITC as one of the most successful anti-poverty programs in the country in his annual letter to shareholders (Washington Post). Buffet has long supported the EITC as a mechanism to help more low-income families make ends meet and reduce income inequality.
- We blogged on the tax plans of the remaining presidential candidates (TCWF).
- Rep. Gregorio Kilili Camacho Sablan, a delegate to the House of Representatives from the Commonwealth of the Northern Mariana Islands, urged Congress to support expanding the EITC to Puerto Rico to improve financial stability among the island’s residents (Marianas Variety).