EITC Helps Struggling Low-Income Renters

EITC Helps Struggling Low-Income Renters

Federal Rental Assistance from the U.S. Department of Housing and Urban Development (HUD) helps about 2 million working-age, low-income non-disabled families pay for housing. Households typically pay no more than 30 percent of their income for rent, helping them to avoid homelessness or other kinds of housing instability. Read more
Celebrating Free Tax Preparation Services on Tax Day

Celebrating Free Tax Preparation Services on Tax Day

Tax Day is the perfect time to celebrate the work of the Internal Revenue Service’s (IRS) Volunteer Income Tax Assistance (VITA) and the AARP Foundation’s Tax-Aide programs. Both programs provide free tax preparation services to low-income households through dedicated IRS-certified tax volunteers. On average, each volunteer prepares 40 tax returns, resulting in about $45,000 in tax refunds to their local community. Read more
Including Children in Financial Education

Including Children in Financial Education

Children aren’t the usual focus for financial education. Although reading, writing, and math are fundamental skills taught in the public education system, lessons in finance are often left to parents. Read more
This Week’s Must Read: State EITCs More Popular Than Ever

This Week’s Must Read: State EITCs More Popular Than Ever

Tax Credits for Working Families notes that states debated over 160 EITC bills in 2016, and the tax credit is likely to be even more prevalent this year. The post also lists state EITC bills that are currently under consideration. Read more