SaveUSA is a tax time matched savings program designed to explore the viability of incentivizing short-term, emergency savings when filing for the Earned Income Tax Credit. Funded by a Social Innovation Fund grant from the Corporation for National and Community Service, SaveUSA was based on a simple program—tax filers who deposited part of their refund into a designated account, and maintained the deposit for a year, received a 50% savings match up to $500. The program was piloted across multiple cities and included a Randomized Control Trial; read the 42-month evaluation or the Executive Summary from the evaluation.
SaveUSA
Related Impacts
Video
January 21, 2016
SaveUSA Video
Piloted at select free tax preparation sites in four cities, SaveUSA is a simple tax time matched savings program — tax filers who deposited part of their refund into a designated account, and maintained the deposit for a year, received a 50% savings match up to $500.
Infographic
January 21, 2016
Tax Time: The Right Moment for Savings
Piloted at select free tax preparation sites in four cities, SaveUSA is a simple tax time matched savings program — tax filers who deposited part of their refund into a designated account, and maintained the deposit for a year, received a 50% savings match up to $500.
Report
January 21, 2016
The SaveUSA Playbook: A Tax Time Approach to Short-Term Savings
Piloted at select free tax preparation sites in four cities, SaveUSA is a simple tax time matched savings program — tax filers who deposited part of their refund into a designated account, and maintained the deposit for a year, received a 50% savings match up to $500.