Racial Equity, Economic Security, and Taxes: Fitting the Puzzle Pieces Together Tuesday, June 11th, 2019 1:30pm – 4:30pm, followed by a brief reception Seattle, Washington Please join the EITC Funders Network, Puget Sound Asset Funders Network, and Philanthropy Northwest for an engaging funder discussion exploring the intersection of racial equity, taxes, and the role…
Interview with a Funder In what ways are the Northwest Area Foundation’s program goals around achieving sustainable prosperity grounded in a commitment to diversity, equity, and inclusion? At the program level, we’ve had a version of this conversation for many years. In recent years, however, we’ve embarked on an intentional diversity, equity and inclusion (DEI)…
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…
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,…
A Center for American Progress Report takes a closer look at the large wealth disparity between Latinx and white households. Despite similar employment rates, the median wealth of Latinx workers is only 14.6 percent of the median wealth of white households. The report attributes the gap to a number of factors including Latinx communities’ relationship…
2018 was a big year for tax credit advocacy on the state level: bills to enact or expand state EITCs moved forward in multiple states and five states successfully expanded their state EITCs and two states enacted new Child Tax Credits (CTC). On the federal level, 2017 tax reform’s effects, including changes to the CTC,…
Each year, the IRS and national partners join in a coordinated outreach effort to increase tax credit eligibility awareness. The 13th annual EITC Awareness Day is on Friday, January 25th, 2019. The IRS estimates that 1 in 5 eligible taxpayers does not claim the EITC. EITC Awareness Day helps shine a spotlight on refundable credits to increase…
Thursday, December 6th Click here to access the recording! How do grantmakers work collaboratively to fight poverty and economic instability in the South? By creating a shared strategy, selecting a targeted intervention, and allowing grantees time to build capacity to build toward long-term success. Launched in 2016, a unique pooled fund – the Earned…
Interview with a Funder Why is supporting economic security and asset building essential to your mission? The Consumer Health Foundation’s (CHF’s) website reflects our view on the intersection of health equity, economic justice, and racial equity. It reads “Health inequities are unjust and preventable differences in health between groups of people. They are created and…
**Click here to access the Tax Policy Center’s new EITC Interactive Database! We know that the Earned Income Tax Credit (EITC) is one of the nation’s most effective anti-poverty tools. In 2015, the EITC lifted approximately 6.5 people out of poverty across the U.S. But we how do we learn more about the EITC’s contribution…