In a disappointing but not wholly unexpected decision, the U.S. Court of Appeals for the DC Circuit upheld the District Court’s ruling in Loving v. IRS that bars the IRS from fully implementing its paid preparer regulations. While this does not do away with requirements to obtain a PTIN for commercial tax preparers, it does continue to prevent testing and continuing education requirements from taking effect for the thousands of tax preparers who would have been regulated as Registered Tax Return Preparers. This also means it’s time to take the fight for a well-regulated tax preparation field down other avenues. Read the rest of this entry
R. Camille Henry is a junior high school teacher who just finished a master’s program in clinical counseling. She is also the proud mother of a ten-year-old son. She will be speaking at NCTC’s EITC briefing at the U.S. Capitol Visitors Center on January 30th.
The EITC has proven to be quite a beneficial credit to my family. As a young single mother, the EITC has allowed me to continue my educational journey, career aspirations and, most importantly, provide for the needs of my family. I used this supplement as financial support for school and to register my son for camp while I worked a part-time job during the summer months. I was able to finish my associate’s and bachelor’s degrees with the support of this credit and fulfill my dream of becoming a teacher. Read the rest of this entry
This 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
Tax credits that help working families make ends meet should be treated as no less important than tax benefits exclusive to the very wealthiest of households. In fact, they’re even more critical to the overall stability of our nation’s economy.
Thus, NCTC has obtained the signatures of more than 300 local, state, and national organizations for a letter supporting new legislation to protect and strengthen the Child Tax Credit (CTC) and (EITC). Read the rest of this entry
Strengthening VITA should be among the first orders of business for any federal tax reforms prioritizing “simplicity,” according to comments NCTC submitted to Congress on Tax Day.
The working families who would benefit from improvements in Volunteer Income Tax Assistance also need policymakers to bolster targeted tax credits as well as important savings policies, we added. Read the rest of this entry
“Tax reform” can mean many different things. So, as Congress collects ideas for tax-code changes, it’s important that advocates for working families make clear our chief aim for any reforms: protecting and strengthening the well-being of struggling households. Read the rest of this entry