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.

Record Type: 
Report
Publication Date: 
March, 2008
Date: 
March 2008
Source: 
Partner Resources
National/International: 
National
Topics/Subtopics: 
  • Asset Building
    • Earned Income Tax Credit
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