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CES Multi-State Initiative. Introduction: Collaborative effort to increase benefits obtained by low-to-moderate income families. CES Multi-State Initiative. Methods for increasing benefits Free income tax preparation assistance Outreach Financial literacy programs Location of programs

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CES Multi-State Initiative


Collaborative effort to increase benefits obtained by low-to-moderate income families

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CES Multi-State Initiative

  • Methods for increasing benefits

    • Free income tax preparation assistance

    • Outreach

    • Financial literacy programs

  • Location of programs

    • Rural America

    • Urban America

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Objectives of Initiative

  • Increase the number of low-income working families who use free tax prep

  • Increase the number of EITC (Earned Income Tax Credit) eligible claimants

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Objectives of Initiative

  • Maximize the value of tax refunds for EITC eligible families

  • Link EITC recipients to Cooperative Extension financial education and asset building programs

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CES Multi-State Initiative

Key Partners:


  • Cooperative Extension Service

  • Center on Budget & Policy Priorities

  • IRS:SPEC (Stakeholder Partnerships, Education & Communication)

  • Community Based organizations

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Community Based Partnerships


Awareness and Education

Awareness and Education

Community- Based Organizations

Tax Preparation

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Definition of Terms

  • Earned Income Tax Credit (EITC)

    Federal Tax Benefit to help low to moderate income workers and families increase their financial stability

    • Reduces Taxes for workers

    • Supplements wages

    • Makes work more attractive than welfare

    • Fully refundable credit

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EITC Income LimitsTax Year 2006

  • $36,348 ($38,348 MFJ) with two or more qualifying children

  • $32,001 ($34,001 MFJ) with one qualifying child

  • $12,120 ($14,120 MFJ) with no qualifying children

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EITC Maximum CreditTax Year 2006

  • $4,536 with two or more qualifying children

  • $2,747 with one qualifying child

  • $412 with no qualifying children

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EITC Impact – TY2005


  • 22 million EITC returns

  • $41.4 billion in EITC

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Definition of Terms

  • Child Tax Credit

    Federal Tax Credit worth up to $1,000 for each qualifying child under age 17

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Definition of Terms

  • Split Refund

    Taxpayers can now split their refunds among up to three checking or savings accounts, with up to three different financial institutions

  • Telephone Excise Tax Refund (TETR)

    A one-time payment available on your 2006 federal income tax return, designed to refund previously collected long-distance federal excise taxes

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  • Helps move families toward self-sufficiency

    • Linking free tax prep & EITC refunds to financial education & other asset building opportunities

    • Natural Link to America Saves campaigns

    • Link to Split Refunds

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  • Potential to help bring millions of dollars in EITC refunds into your community

  • Help stimulate the local economy

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What can CES Contribute?

  • Join existing community based coalitions

  • Key leadership in developing new coalitions in underserved areas of Rural America

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What can CES Contribute?

  • Market VITA sites of existing coalitions – 2007 Filing Season

  • Provide financial education to refund recipients

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IRS-SPEC Contributions

  • Tax law expertise

  • Access to local coalitions

  • Free software for tax preparation

  • Training materials

  • Data on EITC statistics

  • Marketing products and materials

  • Technical assistance

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Accountability issues

  • Measuring Impact

  • Reporting on activities – timely

  • Establish National Leadership Team

    • Develop “Marketing Plan” – increase participation

    • Develop “Evaluation Plan” – measure impact

    • Establish “Best Practices”

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Contact Info

Robin Taylor

Senior Tax Analyst

Education & Government Partnerships

401 W. Peachtree Street NW

Stop 52-WI

Atlanta, GA 30308

Office: 404-338-7174

E-Mail: [email protected]