Amidst the debate about raising the minimum wage, tax credits continue to enjoy bipartisan support and are highlighted as a way to augment low income workers while encouraging engagement in the workforce. Last year at least 15 states considered legislation that would either create, expand or retain a state version of the federal Earned Income…
The President of the Corporation for Enterprise Development, Andrea Levere, offers a reminder that when the War on Poverty was initiated 50 years ago, the overall goal was to expand economic opportunity.
The Center for Financial Services Innovation released a report that explores why consumers would choose small dollar credit products (SDCs).
Tax season 2014 overlaps with the enrollment period for the Affordable Care Act. Premium tax credits provide an incentive for tax prep services around the country to connect with ACA enrollment initiatives.
The Earned Income Tax Credit (EITC) is widely recognized as a critical income support for millions of low-income families. It has also proven to be a powerful tool for encouraging work among low income families. To date, the EITC enjoys bipartisan support and may even be expanded to include childless workers. What changes are being considered at the national and state levels? How would an expanded EITC to include single childless workers impact poverty in the US? How does EITC expansion efforts affect efforts aimed at increasing the minimum wage?
Each year the Metropolitan Policy Program at Brookings receives ZIP code-level administrative data from the IRS that offer a detailed look at all tax filers as well as taxpayers who claimed the Earned Income Tax Credit (EITC).
New York City’s Center for Economic Opportunity and MDRC have launched a path-breaking demonstration project that is rigorously testing a new earnings supplement for low-income single adults — mostly men — with the goal of promoting work and reducing poverty.
This case study is a detailed analysis of one community-based organization’s approach to creating a bundled service delivery model, with a particular focus on the set of services and systems targeted at entrepreneurs.
The Stats by State: Brookings Releases State-level data on the Characteristics of EITC-Eligible Tax Payers
Each year, the Brookings Institute updates their EITC profiles for all states and the 100 largest Metro Areas, as part of their Earned Income Tax Credit Series.
The Consumer Financial Protection Bureau (CFPB) was created by the Dodd-Frank Act of 2010 with a mission “to make markets for consumer financial products and services work for Americans — whether they are applying for a mortgage, choosing among credit cards, or using any number of other consumer financial products.” Part of CFPB’s mandate is to increase awareness of the EITC and other tax credits for working families.