Halting the Loss of Billions of Dollars in Earned Income Tax Credit Benefits
Written by the Children’s Defense Fund, this policy brief highlights the fact that many low-income families are losing significant money by using their Earned Income Tax Credit (EITC) towards Refund Anticipation Loans. According to the Internal Revenue Services, $3 billion from EITC benefits were used to fund Refund Anticipation Loans in Tax Year 2005.
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