A Marriage Penalty I Didn’t Know About

Conservatives are often big proponents of ending the “marriage penalty” on federal income taxes. Basically, the “penalty” refers to the higher tax rates that married couples face than if they have filed their taxes individually as “heads of household.”
Yesterday, the Innovation Lab team met with our free tax preparation team, who are planning their 2010 [...]

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President Calls for Tax Savings Pioneered by CAP

I was pleased to see recent news that President Obama used his weekly address to announce new initiatives to promote savings. (White House, New York Times, New America Foundation). Among other ideas, he charged the IRS with implementing a checkbox on tax returns that would allow you to save a portion of your refund in [...]

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More Okie Wonkery Coming Your Way

The Oklahoma Policy Institute announced the coming launch of their very own blog. Citizens take note: you will have no excuse to lack basic (and thorough!) awareness of the most important policy issues facing our state. That includes this frightening fact: state revenues for February came in 30.4 percent below projections. That’s $104 million that [...]

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CAP’s Free Tax Program Open

Most of you probably already know this, but just in case you don’t, hear this: CAP runs a free tax preparation program for families who earned less than $50,000 in 2008. Volunteer tax preparers are trained and certified by the IRS to make sure customers receive every credit they’re eligible for. And the electronic filing [...]

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