Working families are about to lose nearly $13 million annually – and they need your help.
Tell Congress to make permanent the improvement in tax credits for larger families and married couples. The Earned Income Tax Credit (EITC) is a refundable tax credit for working individuals who earn low or moderate incomes.
Since 2009 improvements to the Earned Income Tax Credit (EITC) helped increase tax credits for working families with three or more children. And the financial penalty for some working couples was reduced. But, these improvements are set to expire at the end of the year which would negatively impact working families. Your voice is needed to urge Members of Congress to make these improvements permanent and to protect the EITC in conversations regarding deficit reduction and tax reform. Take action today.
It takes 2 minutes, click here to act and write to your Congressmember.
Studies find that the EITC encourages work, increases financial stability, helps families meet basic needs, and improves children’s achievement in schools, all of which advance the common good. In our Bay Area community the EITC has resulted in nearly $20 million for working families.
More than 340 United Ways across the United States help individuals and families access EITC through community Volunteer Income Tax Assistance and other programs. For the 2011 tax year, a coalition of 100 United Ways providing free tax preparation services across 40 states helped bring back $854 million in tax refunds to low and moderate-income workers.
Locally, United Way’s Earn It! Keep It! Save It! program brought back $68 million in tax refunds which gets spent in our community, stimulating the economy and generating jobs.