The majority of households claiming the Earned Income Tax Credit do so only for brief stretches of time, according to new research that indicates the credit’s value as a short-term aid to many families in temporary need of help.
Many people might think of the EITC as primarily a long-term income support for low- and moderate-income families, and that’s true in some cases. But the credit is also important as a temporary aid “for short periods during shocks to income or family structure,” according to a new report published Sept. 28 in Public Finance Review. Read the rest of this entry
NCTC members had a record-breaking day of action in Washington, DC on October 13, 2011. Organizations from 18 states had meetings with over 60 congressional offices to ask support for the VITA Act of 2011 and to preserve refundable tax credits. We also hosted a congressional briefing with the Congressman Mike Honda, the lead sponsor of H.R. 2151, the VITA Act of 2011. We hope to grow our days of action to become bigger and better every year.
Organizations came from Arizona to Connecticut to meet with their Senators and Congressman. Local organizations were able to put a real face on the impact of the services they provide to their local communities. Make no mistake, VITA is VITAL for working families and that message was made loud and clear on Capitol Hill. Read the rest of this entry
Ensuring High-Quality, Affordable Assistance for America’s Taxpayers: Highlights of the Volunteer Income Tax Assistance Program’s 2011 Efforts
The National Community Tax Coalition (NCTC) is the nation’s leading coalition of non-profit, voluntary entities providing free tax preparation assistance and financial services to low-income individuals and families.
NCTC is dedicated to strengthening economies, building communities and improving lives through tax assistance and asset building activities that produce financial security, protect families and promote economic justice. Read the rest of this entry