1. 2004-2005 EITC Campaign The City of Phoenix

2. 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 2004-2005 EITC Campaign

3. 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 2004-2005 EITC Campaign

4. 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 2004-2005 EITC Campaign

5. 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 2004-2005 EITC Campaign

6. 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 2004-2005 EITC Campaign Phoenix residents received $21.4 million more than 2003!

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

8. 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$5,366,875 1.7 million Avondale$7,212,4292.4 million Buckeye$2,811,292937,000 Carefree$59,14618,000 Cave Creek$755,201252,000 Chandler$15,894,3055.3 million El Mirage$5,310,7061.8 million Fountain Hills$753,785251,000 Gila Bend$543,181181,000 Gilbert$7,467,4602.5 million

9. 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$44,418,47114.8 million Paradise Valley$197,32166,000 Peoria$9,804,3443.2 million Queen Creek$3,027,0301 million Scottsdale$9,730,6653.2 million Surprise$4,434,0361.5 million

10. 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$13,520,7464.5 million Wickenburg$756,083252,00 Youngtown$507,861169,000

11. 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

12. EITC Everybody Wins! For more information: Patrick Reidy, IRS: 602-207-8684 Wayne Tormala, City of Phoenix: 602-495- 7044 Debbra Determan, MAG: 602-254-6300 The City of Phoenix 2004-2005 EITC Campaign