A new report by the @uscensusbureau states that the 2022 SPM rate – which includes nonmonetary benefits like tax credits – saw a substantial increase and marked the first increase in the overall SPM rate since 2010. https://t.co/7guH50DxI5
.@ITEPTweets released a recent recap of the latest state-level #taxcredit updates since the start of the 2024 legislative season. #Colorado, #Illinois, #NewYork, and #Utah have expanded or strengthened refundable state tax credits. https://t.co/RmbWyV5K3K
.@ITEPTweets released a new comprehensive study to inform ongoing immigration policies and highlight the significant economic contributions made by undocumented immigrants. Read the full report here: https://t.co/IGz76r5ygI
.@SenKatieBritt & @SenTimeKaine unveiled two bills. The proposed legislation includes making the federal #CDCTC refundable & increasing the credit’s value from $3,000 to $5,000 for families with one child. @ALReporter: https://t.co/hMX6ACd1yN
#NewYork@GovKathyHochul announced recent plans to send up to $330 per child to families who received at least $100 from the 2023 Empire State Child Credit. Find out more from @News_8: https://t.co/z6OymJBG7K
#NewJersey will offer the no-cost @IRSNews Direct File option for the 2025 tax filing season. The Direct File program is a free online tool that has already helped 140,000 taxpayers claim over $90 million in refunds. Learn more from @USTreasury: https://t.co/t0CfnSyMUH
.@FirstFiveYears released a guide that details the key aspects of the Promoting Affordable Childcare for Everyone Act introduced earlier this year, which includes an enhanced federal #CDCTC. https://t.co/zPx8UpyrfH
.@Center4USA compared @SenTedCruz’s proposed “No Tax on Tips Act” to the 2021 American Rescue Plan’s expanded federal #EITC and #CTC. Read the full analysis here: https://t.co/WvUbJ89Mf9
The U.S. Senate failed to advance a major tax package that aimed to re-expand the federal #CTC for lower-income families and cut taxes for businesses. Learn more from @CBSNews. https://t.co/XLYJOa1tlQ
#ICYMI we recently spotlighted the first-ever #Illinois#CTC. This makes Illinois the 15th state to adopt a state-level CTC. The new #taxcredit is valued at 20% of the federal #EITC. https://t.co/uVCnVuPXd9
#NewJersey@GovMurphy sustained funding for the expanded state #taxcredits as part of the recently signed Fiscal Year 2025 Budget. https://t.co/trY935tdOc
.@CpspPoverty released a working paper that analyzes the impacts of the expanded 2021 federal #EITC on young, childless professionals. The study found that the temporary expansion reduced housing hardship & food insecurity among young adults w/o children. https://t.co/6onbnfITmg
#ICYMI#Illinois just approved their first-ever child tax credit. We’re breaking down everything you need to know about the new credit in our latest blog.
https://t.co/uVCnVuPXd9
#Kansas@GovLauraKelly strengthened the #CDCTC as part of a tax cut bill that will reduce state income and property taxes by $1.23 billion. Learn more from @KSNNews: https://t.co/GYMdlVMtET
Our partners @PolicyMattersOH raised attention four policies that would improve and strengthen the state tax system, including a #TFTC & refundable state #EITC that would put more money back in the pockets of low- and middle-income families & individuals. https://t.co/JEJE1pSp3S
.@ITEPTweets encourages states to participate in the “Direct File” program, which simplifies tax filing and can help eligible taxpayers claim federal tax credits and save billions annually in filing fees and time. https://t.co/vRwBq8IBHa
.@NC_Governor proposed a refundable state #CDCTC valued at up to $600 for working families as part of the FY 2024-25 state budget. Learn more: https://t.co/xYt6JkRIUm
.@councilofdc recently voted to strengthen the local #EITC and establish a new #CTC valued at $500 per child for up to three children in low and middle-income households. Learn more from @WashingtonPost: https://t.co/jy9Yf4xm53
#Michigan Rep. David Martin introduced a new refundable #taxcredit as part of a comprehensive tax relief plan aimed at offsetting the cost of basic needs and providing financial relief. Learn more: https://t.co/v7mMMcgyKj
#Illinois@GovPritzker enacted a new state #CTC for families with children 12 and younger as part of a $53.1 billion 2025 fiscal year budget. The tax credit is funded by a $200 million tax hike on sportsbooks and video gambling. Read more from @SunTimes: https://t.co/PdMALa2GOD
.@GovofCO recently passed #HB241311, a new #Colorado Family Affordability Tax Credit that will provide families with children up to $3,200 in credits. Learn more: https://t.co/wswukWjAPe