As Congress gears up to debate the extension of a number of tax provisions this Fall, advocates are working to ensure that discussions to permanently extend corporate tax breaks include the opportunity to save highly effective, yet still temporary, provisions of the EITC and CTC. The stakes are high. Critical improvements to the EITC and CTC…
Same-sex married couples can now file jointly in all 50 states. What does this mean for tax credit eligibility? Some married couples will be eligible for a larger EITC benefit, yet others could see a decrease because of “marriage penalties” that exist when the combined tax liability is greater than the sum of individual tax…
The Center on Budget and Policy Priorities (CBPP) recently updated its state fact sheets to provide state-specific data on the number of households benefiting from the federal EITC and Child Tax Credit (CTC) as well as demographic data on who receives the credits. The fact sheets also detail the current federal proposals to strengthen the credits and lays out state-specific impacts of each.
Making the case for a high return on investment, CFED is pushing for an increase in funding for Volunteer Income Tax Assistance (VITA) and Tax Counseling for the Elderly (TCE) sites nationwide. According to CFED’s analysis, the $1.8 million invested in these programs has led to $3.9 million in returns for filers.
The Center for Budget and Policy published a brief encouraging the adoption or expansion of state EITCs. The report includes an update on the status of state EITCs around the country and makes the case for the positive impact of state EITCs on the lives of working families. Furthermore, the report indicates that state EITCs…
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.
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.
Proposals for expanding the EITC to childless workers are included in both the President’s budget for 2015 and bipartisan proposals from both the House and Senate.
Policy Matters Ohio, a nonpartisan, nonprofit research institute released an interactive map of Ohio, showing the benefits by county…
The Brookings Institute offers a proposal to expand those eligible for the EITC to include noncustodial parents, particularly young men.