The federal Earned Income Tax Credit (EITC) is one of the largest IRS public benefits for low-income households. The EITC is a refundable credit for families and individuals that work but earn low wages. It is a powerful work incentive and anti-poverty tool.
In recognition of Native American Heritage Month, and in celebration of the next generation of tribal leaders, we, in the Office of Community Services (OCS), are writing today to ask for your partnership in helping create more opportunities for Native youth engagement, empowerment, education and employment.
As previous letters released in May 2015 and April 2016 have described, the Office of Community Services (OCS) sought approval from the Office of Management and Budget (OMB) for the proposed Assets for Independence (AFI) program-specific Performance Progress Report (PPR). On August 23, 2016, the proposed AFI PPR was approved by OMB without any changes. AFI grantees are now required to use the new PPR to report data on their AFI project(s) moving forward. AFI will no longer collect the SF-PPR form semiannually. Financial reporting requirements are not affected by the new PPR; grantees must still submit the SF-425 semiannually for each AFI grant.
To ensure efficient and effective management of OCS programs, the Office of the Director (OD) requested and received approval from the Acting Assistant Secretary of the Administration for Children and Families (ACF) to restructure OCS Divisions.
The following briefs are resources on financial capability topics for Head Start/Early Head Start programs.
Assessing Head Start & Early Head Start Families’ Financial Capability
This brief outlines strategies and tools Head Start/Early Head Start (HS/EHS) can use to gain a deeper understanding of how HS/EHS families are managing their finances to decide which services might help them build financial capability.
Financial Coaching in Head Start Programs
This brief discusses financial coaching in Head Start settings and presents methods for providing financial coaching as well as training resources for programs interested in building staff capacity to become financial coaches.