CAAB Provides Testimony to DC Council's Committee on Finance and Revenue re DC OTR and DC EITC Campaign
On February 25, 2019, Joseph Leitmann-Santa Cruz, Acting Executive Director of Capital Area Asset Builders (CAAB) and Manager of the DC EITC Campaign, provided testimony re CAAB's partnership with the DC Office of Tax and Revenue (OTR) and the work CAAB does through the DC EITC Campaign for the benefit of low- and moderate-income Washingtonians.
OTR is a key partner of CAAB's DC EITC Campaign.As stated by Leitmann-Santa Cruz, "The Earned Income Tax Credit (EITC) is one of the most effective policy tools for lifting Americans and Washingtonians out of poverty. More than 50,000 low-income Washingtonians received over $175 million in federal and DC EITC benefits in 2018. It is CAAB’s objective that all eligible DC residents are aware of the EITC and claim it. The EITC can make a real difference to low- and moderate-income DC individuals and families."
To read CAAB's testimony, please see the attached document.
About the DC EITC Campaign
The CAAB-managed DC EITC Campaign, is a citywide, cross-sector initiative that provides access to information on the EITC and connects Washingtonians with free tax preparation services throughout the District.
The DC EITC Campaign is made possible through the support from the DC Department of Insurance, Securities and Banking (DISB), Washington Gas, Citi Community Development, United Way of the National Capital Area as well as other key private sector partners.
DC EITC Campaign Partners
Community Tax Aid
www.communitytaxaiddc.org/
Community Tax Aid (CTA) was founded in 1987 with a mission to provide high-quality free income tax services to low-income taxpayers in the Washington, DC metropolitan area. CTA's primary goal is to promote economic stability through accurate and timely filing of tax returns and secondarily to connect taxpayers to other asset building opportunities. Our services are critical to the financial well-being of low-income families and their ability to build wealth. The tax return is required in order to obtain tax refunds and key credits, such as the Earned Income Tax Credit (EITC), and other asset-building opportunities, such as qualifying for academic financial aid/or obtaining a mortgage or a small business loan. Annually, we help over 6,000 low-income taxpayers overcome barriers created by the cost and complexity of tax compliance so they can build their financial futures.
About Capital Area Asset Builders
Capital Area Asset Builders (CAAB) is a non-profit organization whose mission is to empower low- and moderate-income residents of the Greater DC Area to take control of their finances, increase their savings, and build wealth for a better future.
Connect with CAAB via our social media platforms:
- Twitter: @CAAB_GreaterDC
- Facebook: https://www.facebook.com/CapitalAreaAssetBuilders
- LinkedIn: https://www.linkedin.com/company/capital-area-asset-builders
