Drawing on our on-the-ground experience with thousands of customers, The Financial Clinic shapes and influences large-scale policy reforms and solutions that impact the financial security of working poor people in communities throughout the country. We research, develop, and advocate for systemic changes that will remove obstacles to financial security. We build coalitions and partner with advocacy groups, researchers, think-tanks, practitioners, and local, state, and federal policymakers to guide and support our efforts towards lasting change.
In 2016, the Clinic was thrilled to announce that Governor Andrew Cuomo signed #Refund529, as we call it, into law, allowing the New York State tax refund to be split for direct contributions into a 529 college savings account –a bill that the Clinic, in partnership with Citizens’Committee for Children of New York and a coalition of eight nonprofits, has been advocating for years. This presents an incredible opportunity for low-income New Yorkers to pave the way for a brighter financial future with annual access to college savings for themselves and their children. The Clinic is looking forward to supporting the New York Department of Taxation and Finance as it acts to implement and extend this critical opportunity to New York tax filers.