EITC Modernizations:

The Cost-of-Living Refund incorporates key modernizations to the current EITC by:

  • Providing support for more people (reaching further into the middle class, having no upper age limit for recipients, including childless workers, and extending tax credits to all tax filers) to reduce financial instability up the income ladder

  • Expanding the definition of work to include caregivers and students, to help families and individuals take care of one another, acquire skills, and still get ahead

  • Making the EITC user-friendly by providing the option to receive the credit monthly and through automatic filing, simplifying the complexity of the EITC and making the benefit more predictable and easier to understand

Policy Backgrounders

EXPANDING WORK

PAYING THE CREDIT MONTHLY

SIMPLIFYING THE CREDIT TO IMPROVE ACCESS

ComplementING the minimum wage

Expanding to younger and older workers

Extending Tax Credits to All Tax FilerS