Today, over 60 United Way leaders from 29 states are on Capitol Hill to advocate for common sense policies for young workers and workers who cannot claim children on their taxes.
The Earned Income Tax Credit is a refundable tax credit for low- and modest income working people that encourages and rewards work, offsetting federal payroll and income taxes. Through the metroCASH Volunteer Income Tax Assistance Program at United Way of Greater Richmond & Petersburg, volunteer tax preparers returned $898,971. That is money that went straight into the pockets of hard working moms and dads, military services members, custodians, administrative assistants, and many others. Money that was spent on things like more reliable transportation, childcare, or groceries.
The EITC is broadly considered our nation’s most effective pro-work, anti-poverty tool — only those who work are eligible. Currently, lower-income working Americans who cannot claim children on their taxes access little to no EITC. Also, young people age 21-24 are ineligible. So while the EITC is one of the most effective tools we have to help working families keep their heads above water, it excludes millions of workers.
Congress can expand this policy for workers who cannot claim children on their taxes by increasing the size of the EITC for this group and lowering the age of eligibility to 21. The proposed expansion would result in an additional 304,000 workers in Virginia being eligible for the EITC. Please, call on our lawmakers to focus on what matters most – how they can make sure millions of hardworking Americans have a shot at a better life. Click here to show your support.