Monthly Archives: November 2011
Want a safe, easy and secure savings product to offer during tax time? In partnership with the Doorways to Dreams Fund Inc., NCTC wants to support an easy way for tax filers to save during the tax season. Taxpayers can take a part of their refund and buy a savings bond! Read the rest of this entry
This week, NCTC was able to help our Illinois affiliate – the Center for Economic Progress – make an important plug for increasing that state’s Earned Income Tax Credit.
Illinois lawmakers are considering a package of tax-relief measures for businesses that have raised concerns about the effects of a state income tax increase approved last January. Governor Pat Quinn has insisted that any such package include a long-overdue boost in the Illinois EITC, which – set at 5 percent of the federal credit – now is tied for the nation’s second-smallest such state credit. Read the rest of this entry
The U.S. Department of the Treasury is phasing out paper checks for federal benefit payments. Monthly benefit payments will instead be made electronically. This means that anyone who currently receives a federal benefit check must switch to an electronic payment method by March 1, 2013.
As a trusted source of financial information for low-income and older taxpayers, your organization is in the perfect position to share information about this change to the way federal benefits are being paid and urge people to switch now rather than wait for the deadline. Read the rest of this entry