Avoiding the Pitfalls of Refund Anticipation Loans in New York (March 2009)

Release Date: March 30, 2009
File Size: 309 KB
File Format: pdf
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Low-income families in New York lost $199.5 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.

Avoiding the Pitfalls of Refund Anticipation Loans in New York 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.