Blog Archives

Partnership between Opportunity Nation and National Community Tax Coalition Provides Helpful Lens for Looking at Poverty

Cash and ChangeWhen most people think of taxes, they typically don’t make a connection to the idea of “economic opportunity.” But the truth is, tax time is a crucial moment for many American families who are able to take advantage of refundable tax credits for which they may qualify. These include the Earned Income Tax Credit (EITC), the Child Tax Credit (CTC), or the American Opportunity Tax Credit (AOTC). Qualifying families can use their refunds to pay for basic needs or use the money as a catalyst to start saving in case of emergency, such as opening a savings account or buying a U.S. Savings Bond. In addition, the heightened attention paid to family finances at tax time can open the door to other services, such as credit counseling or receiving assistance with the Free Application for Federal Student Aid (FAFSA). Read the rest of this entry

National League of Cities Launches Campaign to Promote VITA Tax Help Service and Volunteer Opportunity

FamilyWashington, D.C.  – The National League of Cities (NLC) launched a marketing campaign this month with the National Community Tax Coalition (NCTC) to raise awareness of free tax prep options for low- and medium-income residents in New Jersey. Coordinated through NLC’s Institute for Youth, Education and Families, the campaign features targeted bus ads, public service announcements and online tools to promote the IRS Volunteer Income Tax Assistance (VITA) program and recruit volunteers who want to help families achieve economic success. Read the rest of this entry

NCTC hosts Congressional briefing to highlight the Earned Income Tax Credit

EITC Awareness Briefing 2013This January 31 is not only the opening day of tax season, but also EITC Awareness Day, when VITA providers, the IRS, elected officials, and NCTC all work to draw attention to this vital tax credit and its successful anti-poverty record.

In honor of EITC Awareness Day, on January 30, NCTC will be hosting a Congressional briefing, in partnership with 15 other national organizations, entitled: “How the EITC Expands Opportunity: A Vital Support for Women and Children.” Read the rest of this entry

Thoughts on Half in Ten’s “Restoring Shared Prosperity”

Half in Ten Report

Half in Ten's stated goal is to halve poverty in ten years.

The Half in Ten Campaign’s stated goal is to cut poverty in the United States in half in ten years, and they just released their October 2011 inaugural report, “Restoring Shared Prosperity: Strategies to Cut Poverty and Expand Economic Growth.” NCTC joined the conference call for the report’s official release, so we had the opportunity to hear directly from the authors about this new resource. To track the progress towards their goal, they’re keeping track of a set of indicators that fall into three categories: creating good jobs, strengthening families, and promoting economic security. Read the rest of this entry

State Stories: Strengthen the EITC, Strengthen Local Economies

Sean Noble

Sean Noble serves as NCTC's Director of Public Policy & Research

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 Long & Short of EITC’s Value to Families

EITC

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