Free tax preparation services help tens of thousands of low and moderate-income families have their taxes filed in high quality, non-predatory, community settings. The success of this field has been built on developing technical expertise and peer-to-peer learning opportunities provided by a robust network. As we head into the 2015 tax season, it is more…
An estimated 9 million American households are unbanked and an additional 21 million households are underbanked. New research released by CFED and its partners highlights which communities in America are the most unbanked.
The implementation of the Affordable Care Act remains a critical issue for the upcoming tax season. Because the Affordable Care Act has provided states with significant flexibility in the design and structure of their individual Marketplaces, hundreds of policy and operational decisions had to be addressed during the Marketplace implementation process.
While most policy advocates agree that Americans who work full-time should not live in poverty, a new report from the National Center for Children in Poverty (NCCP) highlights that some state policies push working families further into poverty by imposing income tax liabilities on poverty-level earnings.
A new report from the Center for Rural Affairs Rural Family Economic Security project focuses on the prevalence of EITC recipients in rural America. Nationally, the researchers found that 21.4 percent of rural households claimed the EITC in 2012, compared to 18.7 percent of urban households.
This webinar offers a briefing on the latest innovations and best practices for helping low-income consumers leverage tax time to begin saving. Speakers discussed scale innovations that hold promise for transforming the way low-income consumers begin and build savings as well as the Consumer Financial Protection Bureau’s Ready, Set, Save initiative and learnings from the 2014 Tax Season.
Watch the ACA & Tax Time webinar to learn what you need to know for the upcoming tax season! Co-sponsored by Grantmakers In Health and the EITC Funders Network, this webinar highlights lessons learned from the 2014 open enrollment season and critical issues for funders for 2015 related to enrollment, reconciliation and premium tax credits.
Two generation approaches to alleviating poverty focus on providing the necessary services and supports to both vulnerable parents and children together as a way to ensure a better future for the family in both the short term as well as for generations to come.
While data illustrating the impact of welfare reform in the past two decades show an increase in parents working and fewer people on welfare, a closer look at the data reveal troubling trends related to children and families living in deep poverty, meaning those living below half the federal poverty line.
While the EITC and Child Tax Credit have enjoyed bipartisan support since inception, conservatives have offered strong endorsements of both in recent months. Considering this, Tax Credits for Working Families, an online resource for advocates and service providers, launched a new blog series.