Thursday, November 15th, 2018
Building Financial Security through Tax Time Savings: Lessons from the Field
In this forum, learn about the promise of tax time savings as a wealth building strategy for low- and moderate-income families, and hear staff from The Financial Clinic share how they fought to give New York state taxpayers a new opportunity to direct a portion of their state refund to a 529 college savings account. Whether you're a tax provider, a financial coach, a researcher or public policy professional, you'll gain more insight into how tax time savings can improve financial security and build long term wealth for working people, and you'll leave with valuable tips and factsheets relevant for your locality that will help you prepare the people you serve to take advantage of the tax moment to save for their future.
Questions or Implications for Researchers: What strategies are the best for raising awareness among target populations of the benefits of tax time savings? What kind of supports do practitioners need to spread the word? What policy barriers are making it harder to encourage saving? How can we address asset limits that disincentive behavior that builds financial security?