2004-2005 EITC Campaign The City of Phoenix. Earned Income Tax Credit Largest Federal Tax Benefit Program $36 Billion Dollars in Tax Refunds Lifted nearly.

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Presentation transcript:

EITC Campaign The City of Phoenix

Earned Income Tax Credit Largest Federal Tax Benefit Program $36 Billion Dollars in Tax Refunds Lifted nearly 5 Million out of Poverty!! Work Incentive vs. Public Assistance The City of Phoenix EITC Campaign

Who Can Receive EITC? Maximum Family Income= Single persons with very low incomes also qualify for a small EITC. $34,692 $4,204 Maximum Credit= The City of Phoenix EITC Campaign

35,000 Workers NOT Receiving the Financial Boost $25 to $64 Million Dollars of Unclaimed EITC Last Year Impact on Phoenix PHOENIX MISSING THIS ECONOMIC BOOST!! The City of Phoenix EITC Campaign

Outcomes - Public Awareness & Education Approx 2 million Phoenix residents learned about the EITC Campaign through the media or through their February utility bills. Calls to the EITC Hotline increased by more than 330% over the previous year. The City of Phoenix EITC Campaign

At 10 core tax sites: Over 200 volunteers provided 6,945 hours of free tax prep. 6,353 low-income families filed returns resulting in nearly $6.2 million in tax refunds Low-income families saved approximately $1.9 million in transaction costs Outcomes-Tax Preparation Services The City of Phoenix EITC Campaign Phoenix residents received $21.4 million more than 2003!

Local & State Govt. Businesses Employer s WORKING POOR Banks EIT C Who Benefits?

Source: Internal Revenue Service Mary Burke, Senior Tax Specialist EITC Returns and Percentage Unclaimed Total Amount of EITC Returned, TY 2003 Estimated Unclaimed EITC, TY 2003 Apache Junction$5,366, million Avondale$7,212, million Buckeye$2,811,292937,000 Carefree$59,14618,000 Cave Creek$755,201252,000 Chandler$15,894, million El Mirage$5,310, million Fountain Hills$753,785251,000 Gila Bend$543,181181,000 Gilbert$7,467, million

Source: Internal Revenue Service Mary Burke, Senior Tax Specialist EITC Returns and Percentage Unclaimed Total EITC Returned, Tax Year 2003 Estimated Unclaimed EITC, TY 2003 Glendale$33,121,50111 million Goodyear$2,569,401856,000 Litchfield Park$1,407,194469,000 Mesa$44,418, million Paradise Valley$197,32166,000 Peoria$9,804, million Queen Creek$3,027,0301 million Scottsdale$9,730, million Surprise$4,434, million

Source: Internal Revenue Service Mary Burke, Senior Tax Specialist EITC Returns and Percentage Unclaimed Total EITC Returned, Tax Year 2003 Estimated Unclaimed EITC, TY 2003 Tempe$13,520, million Wickenburg$756,083252,00 Youngtown$507,861169,000

EITC Marketing Tips Build a network with civic & community groups, local businesses, and schools. Reach out to non-English speakers through churches, schools, ethnic small businesses and community groups. Enlist public agencies with direct contact to low-income workers. Use the media

EITC Everybody Wins! For more information: Patrick Reidy, IRS: Wayne Tormala, City of Phoenix: Debbra Determan, MAG: The City of Phoenix EITC Campaign