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Hidden in Plain Sight: The Need for Clarity on the Tax Treatment of Direct Cash Transfers
dc.contributor.authorGonzalez, Sarah Berger
dc.contributor.authorGoldberg, Fred
dc.date.accessioned2025-02-10T19:04:14Z
dc.date.available2025-02-10T19:04:14Z
dc.date.issued2024-10-15
dc.identifier.urihttps://hdl.handle.net/2027.42/195254en
dc.descriptionThe goal of the Financial Independence policy conference held on September 16 and 17, 2024 in Washington, D.C. was to bring together experts from the asset and income fields to share theory, evidence, and best practices. The conference was divided into four sessions. The first two sessions were on Children’s Savings Accounts and Baby Bonds, the asset arm of the conference. The third session focused on the income arm. More specifically, it focused on Unconditional Cash Transfers, the Child Tax Credit, and Child Allowances. The final session focused on why solving poverty requires both asset and income proponents to come together. This policy brief is part of the Unconditional Cash Transfers, the Child Tax Credit, and Child Allowances session.en_US
dc.description.abstractIt may be hidden in plain sight, but the tax treatment of direct cash transfers can have a critically important impact on the entire field. While this paper is helpful in some respects, what is critically needed is clear guidanceclear guidance is critically needed. The reality is that the nationwide platform of direct cash transfer programs cannot and will not reach its full potential until the Treasury Department and the Internal Revenue ServiceIRS issue the guidance referenced above—guidance that properly states current law in ways that meet the needs of numerous stakeholders and increases the efficacy and scope of programs that address the real-life needs of the millions of recipients and the communities where they live.en_US
dc.description.sponsorshipAnnie E. Casey, Charles Stewart Mott Foundation, McKnight Foundation, and the University of Michigan’s School of Social Worken_US
dc.language.isoen_USen_US
dc.rightsAttribution 4.0 International*
dc.rights.urihttp://creativecommons.org/licenses/by/4.0/*
dc.subjectUnconditional Cash Transfersen_US
dc.subjectGuaranteed Incomeen_US
dc.titleHidden in Plain Sight: The Need for Clarity on the Tax Treatment of Direct Cash Transfersen_US
dc.typeConference Paperen_US
dc.subject.hlbsecondlevelSocial Work
dc.subject.hlbtoplevelSocial Sciences
dc.contributor.affiliationumSocial Work, School of (SSW)en_US
dc.contributor.affiliationotherChapin Hall at University Chicagoen_US
dc.contributor.affiliationotherSkadden & Arpsen_US
dc.contributor.affiliationumcampusAnn Arboren_US
dc.description.bitstreamurlhttp://deepblue.lib.umich.edu/bitstream/2027.42/195254/1/HiddeninPlainSightPolicyBrief.pdf
dc.identifier.doihttps://dx.doi.org/10.7302/24451
dc.description.filedescriptionDescription of HiddeninPlainSightPolicyBrief.pdf : Brief
dc.description.depositorSELFen_US
dc.working.doi10.7302/24451en_US
dc.owningcollnameSocial Work, School of (SSW)


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Attribution 4.0 International
Except where otherwise noted, this item's license is described as Attribution 4.0 International

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