During the 2018 tax season, Prosperity Now and the Social Policy Institute partnered with the Consumer Financial Protection Bureau and Prosperity Now on an initiative to standardize and enhance the data collection efforts at Volunteer Income Tax Assistance (VITA) sites. These sites provide free tax filing services to low- and moderate-income tax filers, and often provide other services (such as bank account opening, financial coaching, and savings programs) in conjunction with tax filing.
In a collaborative project with the U.S. Department of the Treasury and Intuit, Inc., a team of SPI researchers explored methods of promoting the myRA (My Retirement Account) savings program at tax time—when households file their taxes. It focused specifically on opportunities in an online tax-filing setting and in person at Volunteer Income Tax Assistance (VITA) sites.
These briefs use data from the Census Household Pulse survey to examine how a representative sample of CTC-eligible families making less than $150,000 a year report using their payments. This survey was administered between July 21 and August 16, covering the period in which the first two CTC payments were deposited in families’ bank account. These fact sheets include key data on CTC receipt, payment usage, and changes in families’ food security after the payments went out.