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Asset-Building, Tax Policies, and Subsidies

Asset-building, tax credits and subsidies are all strategies designed to improve the financial well-being of families. Asset-building programs typically aim to improve the net worth and financial security of families, while tax credits and subsidies increase the refund received.

Generally, asset-building includes initiatives designed to help low-income families connect to mainstream financial markets, improve money management skills, save and plan for the future, build or repair their credit, and build their net worth. Federal tax credits are available to qualifying families, and programs surrounding these credits typically include marketing and outreach, counter predatory lending practices, and promote affordable tax preparation services. Certain States and municipalities also operate State tax credit and subsidy programs. The importance and effectiveness of these tax policies, subsidies and programs to self-sufficiency pathways is often a topic of research.

View recommendations from the SSRC Librarian on Asset-Building, Tax Policies, and Subsidies and relevant federal laws and regulations below.