Elaine Maag
@elainemaag.bsky.social
Current: Tax Policy Advisor, Equity Hub, US Treasury (detail); Senior Fellow, Tax Policy Center; low-income families, children
Less than a year ago, Chair Smith worked with Sen Wyden to promote investing in kids by expanding the #ChildTaxCredit for low-income families. finance.senate.gov/chairmans-ne... Where has that support gone? Today, Ways & Means wants to increase the #CTC for everyone _but_ these families.
Fact Sheet on the Wyden-Smith Tax Relief for American Workers and Families Act | The United States Senate Committee on Finance
Fact Sheet on the Wyden-Smith Tax Relief for American Workers and Families Act
finance.senate.gov
May 14, 2025 at 2:23 PM
Less than a year ago, Chair Smith worked with Sen Wyden to promote investing in kids by expanding the #ChildTaxCredit for low-income families. finance.senate.gov/chairmans-ne... Where has that support gone? Today, Ways & Means wants to increase the #CTC for everyone _but_ these families.
Ways & Means leg text released late last week suggests the #ChildTaxCredit might be increased to $2,500. As explained previously, increasing the max credit won't help low-income families with children who are being hammered by higher costs of living. #CTC taxpolicycenter.org/taxvox/17-mi...
17 Million Children In Low-Income Families Will Not Receive The Full Child Tax Credit In 2025
In 2025, the Tax Policy Center estimates that 17 million children under the age of 17—or one in four—will receive less than the full value of the Child Tax Credit because their parents earn too little...
taxpolicycenter.org
May 12, 2025 at 2:42 PM
Ways & Means leg text released late last week suggests the #ChildTaxCredit might be increased to $2,500. As explained previously, increasing the max credit won't help low-income families with children who are being hammered by higher costs of living. #CTC taxpolicycenter.org/taxvox/17-mi...
#DirectFile provides a free filing option - direct with the IRS. It's a program I'm interested in, along with 73% of tax filers. My @urbaninstitute.bsky.social colleagues explore new survey data on interest in Direct File. taxpolicycenter.org/briefs/most-...
Most Americans Are Interested in Using IRS Direct File to Prepare and File Their Taxes
This factsheet uses December 2024 data from the Urban Institute’s Well-Being and Basic Needs Survey (WBNS) to examine interest in using Direct File.
taxpolicycenter.org
March 26, 2025 at 1:30 PM
#DirectFile provides a free filing option - direct with the IRS. It's a program I'm interested in, along with 73% of tax filers. My @urbaninstitute.bsky.social colleagues explore new survey data on interest in Direct File. taxpolicycenter.org/briefs/most-...
@cbppsu.bsky.social shows how the 17 million children who will not receive the full CTC because their parents don't earn enough are distributed by state, race, and ethnicity. www.cbpp.org/blog/policym...
Policymakers Should Expand the Child Tax Credit for the 17 Million Children Currently Left Out of the Full Credit | Center on Budget and Policy Priorities
Congressional Republicans may soon release a budget resolution that will set the terms of the tax debate, and which is expected to extend the 2017 tax law, including its changes to the Child Tax...
www.cbpp.org
February 5, 2025 at 3:12 PM
@cbppsu.bsky.social shows how the 17 million children who will not receive the full CTC because their parents don't earn enough are distributed by state, race, and ethnicity. www.cbpp.org/blog/policym...
Reposted by Elaine Maag
Links include @cadystanton.bsky.social @taxnotes.bsky.social @richardrubindc.bsky.social @wsj.com @taxtweet.bsky.social @financialtimes.com @nytimes.com @politico.com @apnews.com @bloombergtax.com @punchbowlnews.bsky.social @elainemaag.bsky.social and more!
Tax News & Views Pauses for Soup Roundup
Canada, Mexico tariffs on "pause." China tariffs a go. DOGE "deletes" Direct File - from X. DOGE data access concerns. Soup.
www.eidebailly.com
February 4, 2025 at 4:58 PM
Direct File, the IRS's free, online tax preparation tool available in 25 states, helps people claim the Earned Income Tax Credit (EITC) and Child Tax Credit (CTC). taxpolicycenter.org/taxvox/irss-...
IRS’s Direct File Makes It Easier For Eligible Families To Claim The Earned Income Tax Credit And Child Tax Credit
Direct File—the IRS’s new online tool for filing tax returns—may bethe key to getting eligible filers to claim the EITC and CTC.
taxpolicycenter.org
February 4, 2025 at 2:22 PM
Direct File, the IRS's free, online tax preparation tool available in 25 states, helps people claim the Earned Income Tax Credit (EITC) and Child Tax Credit (CTC). taxpolicycenter.org/taxvox/irss-...
The IRS #DirectFile program provides a free and fair way to file taxes for many. It gets high marks from users and its expansion should continue. This would improve filing options available to taxpayers. It's a great example of how government can work for people. www.nytimes.com/2025/01/24/y...
I.R.S. Expands Its Free Tax Filing Option (Gift Article)
The Direct File system will be open to millions of taxpayers in 25 states, up from 12 last year. But it’s unclear what will happen to the program next year.
www.nytimes.com
January 27, 2025 at 4:13 PM
The IRS #DirectFile program provides a free and fair way to file taxes for many. It gets high marks from users and its expansion should continue. This would improve filing options available to taxpayers. It's a great example of how government can work for people. www.nytimes.com/2025/01/24/y...
Reposted by Elaine Maag
FYI @margothollick.bsky.social makes the coolest charts. The analysis of how the benefits of expiring TCJA provisions break down? Also cool! tpc.io/3BrvZ8f
December 19, 2024 at 9:31 PM
FYI @margothollick.bsky.social makes the coolest charts. The analysis of how the benefits of expiring TCJA provisions break down? Also cool! tpc.io/3BrvZ8f
What? Some members of Congress want to end #DirectFile after a successful pilot year? Consumers liked it! And it's set to roll out add'l capabilities to more people. thehill.com/business/470...
House GOP proposes IRS funding cuts, defunding free tax filing system
Republican appropriators in the House are proposing to scale back IRS funding and to do away with the free online tax filing system that the Treasury Department recently made permanent and promised…
thehill.com
December 11, 2024 at 3:53 PM
What? Some members of Congress want to end #DirectFile after a successful pilot year? Consumers liked it! And it's set to roll out add'l capabilities to more people. thehill.com/business/470...
I'm back at @urbaninstitute.bsky.social and Tax Policy Center after being on detail to the US Treasury for a year. We're looking at 17 million children not getting the full CTC next year because their income/earnings are too low. We can do better. taxpolicycenter.org/taxvox/17-mi...
17 Million Children In Low-Income Families Will Not Receive The Full Child Tax Credit In 2025
In 2025, the Tax Policy Center estimates that 17 million children under the age of 17—or one in four—will receive less than the full value of the Child Tax Credit because their parents earn too little...
taxpolicycenter.org
December 10, 2024 at 4:41 PM
I'm back at @urbaninstitute.bsky.social and Tax Policy Center after being on detail to the US Treasury for a year. We're looking at 17 million children not getting the full CTC next year because their income/earnings are too low. We can do better. taxpolicycenter.org/taxvox/17-mi...
Great senior opportunity in the Income and Benefits Policy Center at the Urban Institute. Let’s work together! www.linkedin.com/mwlite/jobs/...
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www.linkedin.com
November 28, 2024 at 2:02 AM
Great senior opportunity in the Income and Benefits Policy Center at the Urban Institute. Let’s work together! www.linkedin.com/mwlite/jobs/...