Tax Credits for Working Families

WEBINAR: Waging a Proactive State EITC Campaign – Tools and Tips from the Field

August 25th, 2015

September 22, 2015

2:00 p.m. – 3:00 p.m. ET

The Hatcher Group and the Center on Budget and Policy Priorities invite you to join in an hour-long webinar on effective tools and tactics for advancing state-level Earned Income Tax Credits (EITCs).

The federal EITC is one of the nation’s most powerful anti-poverty programs and one that enjoys widespread bipartisan support. On top of the federal credit, 26 states and the District of Columbia offer state-level EITCs of their own.

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News Round-up: August 24, 2015

August 24th, 2015

Here are some highlights from the past week’s news on family tax credit issues. Remember – you also can track news coverage throughout the week by visiting our RSS feed, where you can filter news by a specific credit and/or state.

  • The Senate Appropriations Committee proposed revising the Schedule EIC, a one-page form for filers collecting the EITC. The changes, which are supported by tax preparation giant H&R Block, would expand the form to five pages for individuals doing their own taxes, creating confusion that could discourage working families from collecting their tax credits (CBPP).

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News Round-up: August 17, 2015

August 17th, 2015

Here are some highlights from the past week’s news on family tax credit issues. Remember – you also can track news coverage throughout the week by visiting our RSS feed, where you can filter news by a specific credit and/or state.

  • Cass Sunstein of Bloomberg called the Earned Income Tax Credit (EITC) a bipartisan “poverty-buster” and asked Congress to expand the credit to childless workers and individuals under 25 as well as increase benefits overall (Bloomberg View).
  • A new report found that growing up in poverty can affect a child’s brain structure with negative consequences on academic performance, standardized test scores and long-term employment prospects. To minimize these effects, scientists encouraged policymakers to support policies like the EITC (Bloomberg View, TCWF)

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New Brain Science Supports the Need for the EITC

August 12th, 2015

By Kate Skochdopole

A disturbing new report found that growing up in poverty can affect a child’s brain structure with negative consequences on academic performance, standardized test scores and long-term employment prospects. The study follows other recent research sounding the alarm about the effects of poverty on brain development, including  a study published last spring in the journal Nature Neuroscience.

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News Round-up: August 10, 2015

August 10th, 2015

Here are some highlights from the past week’s news on family tax credit issues. Remember – you also can track news coverage throughout the week by visiting our RSS feed, where you can filter news by a specific credit and/or state.

  • Massachusetts Gov. Charlie Baker signed a bill increasing the state EITC from 15 to 23 percent of the federal credit. He vowed to raise the credit again during the next legislative session (Lowell Sun, WWLP, MassLive).

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New Legislation Seeks to Save Key EITC and CTC Provisions

August 10th, 2015

By Lauren Pescatore

New Senate legislation offers hope for the nearly 50 million Americans who face a tax increase if key provisions of the Earned Income Tax Credit (EITC) and Child Tax Credit (CTC) are allowed to expire at the end of 2017.

The TRAFFIC Relief Act, introduced last week by Senator Tom Carper (D-Del.), would make permanent certain EITC and CTC improvements put in place by the 2009 American Recovery and Reinvestment Act (ARRA). Those improvements include a lower income threshold for the CTC, EITC “marriage-penalty” relief and a larger EITC for parents of more than two children.

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You’ve heard about an advanced EITC. But what about a delayed one?

August 5th, 2015

By Lauren Pescatore

Earlier this year, U.S. Senator Sherrod Brown (D-OH) unveiled the “Early Refund EITC”: a plan to allow eligible lower-income workers to access a portion of their Earned Income Tax Credit (EITC) in advance, as an alternative to more costly lending options.

Now, a group of academics has teamed up with the Corporation for Enterprise Development (CFED) to propose a “Rainy Day EITC,” which would allow recipients to defer collecting a portion of their credit until a later date. 

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News Round-up: August 3, 2015

August 3rd, 2015

Here are some highlights from the past week’s news on family tax credit issues. Remember – you also can track news coverage throughout the week by visiting our RSS feed, where you can filter news by a specific credit and/or state.

  • Professors Kathryn Edin, Sarah Halpern-Meekin and Sara Greene partnered with the Corporation for Enterprise Development (CFED) to encourage Congress to consider a “Rainy Day EITC.”  Under their proposal,recipients could opt to only receive a portion of their credit at tax time and receive the rest, plus a 50 percent savings match, six months later (The Hill).
  • Following the release of the Annie E. Casey Foundation’s annual KIDS COUNT Report, we wrote on the importance of tax credits like the EITC to children across the country (TCWF).

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New KIDS COUNT Data Shows Why the EITC is Critical to Kids

July 31st, 2015

By Kate Skochdopole

The Annie E. Casey Foundation recently released its annual KIDS COUNT report on the well-being of American children, sparking conversation across the country about how state and federal policymakers can improve the lives of kids, especially those living in poverty.

The KIDS COUNT data book, which ranks all 50 states in several areas of child well-being, makes a powerful case for the Earned Income Tax Credit (EITC).  Minnesota, which offers a state-level EITC, ranked highest overall. Mississippi, which does not, ranked dead last. This trend continues throughout the ranking – states without EITCs often placed low, while states that offer EITCs topped the chart. 

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News Round-up: July 27, 2015

July 27th, 2015

Here are some highlights from the past week’s news on family tax credit issues. Remember – you also can track news coverage throughout the week by visiting our RSS feed, where you can filter news by a specific credit and/or state.

  • The Michigan legislature adjourned for a three-week recess before deciding whether or not to eliminate the state’s Earned Income Tax Credit (EITC) as part of a road funding package (Detroit Free Press, Mlive).
  • California created a state EITC this spring, and advocates have already introduced plans to expand the credit (Sacramento Bee).

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