Daily Archives: March 5, 2019

2019 Scorecard Recommends Enactment and Improvement of State EITCs

EITC Policy ResourcesBy Deneisha Thompson March 5, 2019

The 2019 Prosperity Now Scorecard, a resource for data on household financial health on the state and federal levels, finds that an alarming percentage of Americans – especially households of color – are currently living in financial uncertainty. For the first time, the 2019 Scorecard also ranks states on racial disparities. The report recommends enacting…

Higher Audit Rates for EITC Recipients

Outreach&Tax PrepBy Deneisha Thompson March 5, 2019

A December article from ProPublica takes a closer look at IRS audit rates by income. While higher-income taxpayers are still more likely to be audited, under pressure from Congress, the IRS has kept the audit rate of EITC recipients relatively high due to concerns about overpayment. The consistent budget cuts at the IRS, reports ProPublica,…