As our nation recovers from one of the worst economic downturns in its history, employees continue to feel the pinch on their pocketbooks as many employers were forced to cut jobs, hours, and benefits in an effort to stay in business. A new toolkit published by Corporate Voices for Working Families is a welcome addition for those who are eligible for the Earned Income Tax Credit and other benefits. Released this week, the 2010 Employer Guide: Educate Your Employees About the Benefits They’ve Earned helps employers inform their employees about the Earned Income Tax Credit, Child Tax Credit, Medicaid, and state and local benefits.

This is the eighth year that Corporate Voices has updated this guide and made it available to companies in an effort help low-wage employees take advantage of a host of benefits.  This year’s update also includes a special section dedicated to financial literacy with tips on how to stem personal financial stress among employees.

“Due to the complexity of the programs and paperwork involved, many employees do not know how to take advantage of the benefits available to them,” said Stephen M. Wing, President of Corporate Voices for Working Families.” “The EITC toolkit offers companies a chance to build trust with their employees by raising awareness of the tax credits and benefits available to them.”

The employer guide includes information on the Earned Income Tax Credit, the Child Tax Credit, Medicaid, State Children’s Health Insurance Program, and Volunteer Income Tax Assistance Centers. It also includes tips on how employers can talk to employees about tax credits, and guidelines to help employees avoid predatory tax-preparation practices. All of this information is designed to provide employees with guidance on existing services to help them keep more of what they earn.

Corporate Voices also encourages companies and other organizations to re-brand the toolkit and distribute it to their employees or other stakeholders. The toolkit is available for download on the Corporate Voices website, and a limited number of the toolkits are also available by contacting Corporate Voices at: 202-467-8139.