President Obama is calling for an expanded federal Earned Income Tax Credit for low-income workers. Click here to learn more.Click here to learn more
Federal EITC Expansion: What Did The President Propose?
On March 3, President Obama released the details of his EITC proposal. On March 5 Tax Credits for Working Families held a webinar on the details of the President’s proposal, its prospects on Capitol Hill and its potential impact on low-income workers. The slides are now available and the recording will be posted shortly.
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Tax filing season can be a source of endless frustration as Americans struggle to complete their returns. But for millions of working families there is an important silver lining. Federal tax refunds, including through the EITC, provide needed assistance to low-income households. These tax credits are among our most important, and often underused, tools in the fight against poverty.
Highlights from the past week include the Maryland legislature passing a bill to increase the state’s EITC, Missouri’s Senate Ways and Means Committee passing a bill to create a Child Tax Credit and a new study from the Government Accountability Office that found that paid tax preparers are very likely to make errors on tax returns.