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Release Date: March 30, 2009
File Size: 288 KB
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Low-income families in Mississippi lost $61.4 million of their Earned Income Tax Credit (EITC) benefits to high-interest, short-term loans, tax preparation fees and other financial products issued by commercial tax preparers.
The new report, Avoiding the Pitfalls of Refund Anticipation Loans in Mississsippi, by the Children's Defense Fund asks and provides examples of ways that individuals, communities and policy makers to step up and take action to lift children out of poverty by helping their working families keep more of the benefits they've earned.