Increase Access to EITC and Connect Tax Refunds to Asset Building
In 2008 more than 24 million workers claimed some $50 billion in Earned Income Credits (EIC). In 2009 the EIC could be worth as much as $5,657 for some working families. Providing IDA participants with information on free tax preparation and tax credits, such as the EIC, can significantly improve their financial well-being.
Marketing the EIC and other credits, and providing tax preparation assistance to low-income families, are important components of effective AFI programs. One way to address both needs is through outreach and community partnership. Below is a list of links and materials to help your organization serve low-income IDA participants; increase outreach and marketing capacity; maximize the ability to recruit, train, and retain tax volunteers; and understand links to asset-building strategies.
