Protect the Federal EITC and the Child Tax Credit

In 2013, 1,012,292 households in Illinois claimed the federal EITC. According to new data released by the Brookings Institution, 867,541 households claimed the Child Tax Credit that same year.

familyThese credits total over 3.5 billion dollars, which went directly to low-income families in Illinois. The lump sum received by these households at tax time, enable workers to plan for their financial future. The credits help working families make ends meet, spend down debt, save for the future, and stimulate economic growth in local communities.

The federal EITC lifts millions out of poverty each year. Unfortunately, 50 million Americans, including 25 million children, will lose part or all of their tax credits if Congress does not take action. We need you to be part of the fight to help save the EITC and CTC.

Many IABG partners help prepare taxes for Illinois residents each year. As tax preparers, please join our partners at the Tax Opportunity Network by signing on to a letter urging Congress to take action this year. You can read the letter and add your organization here.

To find data on tax returns in your local community visit Brookings Interactive Resources.

You Might Also Be Interested In...

Read our blog

31.6% of Black Households in Illinois Have Negative or Zero Net Wealth

This post is written by Amber Blatt, the Heartland Alliance Policy & Advocacy Intern. New data...

Read more

Partner Spotlight: Center for Economic Progress

Over the next two months, the Center for Economic Progress (CEP) will help nearly 20,000...

Read more

Illinois Poverty Report: Racism’s Toll

Every February, during Black History Month, we celebrate the civil rights victories of African...

Read more