This report analyzes 2002 IRS tax return data to determine the impact of refund anticipation loan usage among EITC recipients in communities across Illinois. The report also calculates the total amount of EITC dollars spent on high cost tax preparation and refund anticipation loan products in these same areas.
Reinvestment Alert 29: Refund Anticipation Loan Usage Rates Negatively Impact the Asset Building Potential of the Earned Income Tax Credit
Contributing Organization(s): Woodstock Institute
Author(s)/Creator(s): Tom Feltner
Publishing Date: 2006-02-09
Issue Areas: Consumer Protection
Ownership/Rights Info: Copyright 2008 Woodstock Institute. All rights reserved.
File info: 12 pages; 260.37 KB file size
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Intended Audience: Advocates; General Public; Legislators/Legislative Aids; Policy Professionals
Type/Format: Survey
Language code: English
Coverage:
Type/Format: Survey
Language code: English
Coverage:
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