Finance

New Website Provides Tax Credit Information for Working Families

The Tax Credits for Working Families website compiles information on federal and state tax credits available.
by | February 10, 2011
 

It's tax season again. And as states and localities roll out annual efforts to educate their poorer working constitiuents about the Earned Income Tax Credit (EITC) program, a new online resource has compiled information on all the federal and state tax credits available to working families. The website, Tax Credits for Working Families, offers an overview of tax credits, including the EITC, the Property Tax Circuit Breaker, the Child and Dependent Care Tax Credit and the Child Tax Credit. The site also has reports and fact sheets, as well as an interactive 50-state resource map that illustrates credits available and any current legislative efforts to modify family tax credits. The site, funded by a collection of nonprofits, also provides outreach materials, an RSS feed on tax credit news and a blog. While the EITC is in trouble in Michigan, most states and localities push such tax credits as not only a way to help struggling families but also local businesses. The idea is that taxpayers receive the credit as a refund and then spend it at local stores.

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