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.