Key Takeaway

SaveUSA demonstrates a simple and effective way to help low-income people save.

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.

This video explains the SaveUSA program model, highlights best practices for replication, and includes key program results from a rigorous randomized control trial.

Additional Takeaways

Tax time EITC is the right opportunity to facilitate savings

Over 2/3 of participants saved part of their EITC for the full year

Selecting the right partners is critical for SaveUSA success.

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