Tax Refunds Enable Healthcare Spending

It’s tax season and many households are waiting on their tax refund to pay down debt or for spending on necessities. A recent report from the JPMorgan Chase Institute  investigates how tax refunds, as a specific cash infusion, impact the timing of out-of-pocket healthcare spending. Drawing on the JPMC Institute Healthcare Out-of-Pocket Spending Panel data set,…

Who Benefits from California’s EITC?

The State of California’s Franchise Tax Board (FTB) recently released a report on the impact of the state’s earned income tax credit (CalEITC). Using data from Tax Year 2015, the FTB found that the CalEITC benefitted approximately 815,000 Californians and together with the federal credit, helped lift approximately 250,000 Californians out of deep poverty. The report…

EITC Awareness Day 2017

  EITC Awareness Day is coming up on January 27th. Below are some resources to help get the word out: The Taxpayer Opportunity Network and CFED have crafted ways to spread the word about the EITC in 5, 10 and 30 minutes. The EITC Awareness Day Toolkit also includes state-by-state data snapshots and sample social media posts in…