Saturday, June 29, 2002

The Scout Report -- Volume 8, Number 24
The Price of Paying Taxes: How Tax Preparation and Refund Loan Fees Erode the Benefits of the EITC [.pdf]

The Price of Paying Taxes: How Tax Preparation and Refund Loan Fees Erode the Benefits of the EITC [.pdf]
http://www.brookings.edu/es/urban/publications/berubekimeitc.pdf
For the first time scholars and researchers have gotten together and prepared an analytical survey on the relationship between Earned Income Tax Credit (EITC) recipients and the location of tax preparation services (such as H&R Block and Jackson Hewitt) that offer e-filing and tax returns. Available in Adobe Acrobat (.pdf), and co-authored by the Brookings Urban Center and the Progressive Policy Institute, this report "analyzes information on the commercial tax preparation industry and the spatial distribution of its firms." The report also contains information regarding the concentration of "fast cash" refund loan facilities within low-income communities throughout the nation’s 100 largest metropolitan areas, and provides an estimate of the total amount spent on tax preparation and loans by EITC recipients.

From The Scout Report, Copyright Internet Scout Project 1994-2002. http://scout.cs.wisc.edu/

http://scout.cs.wisc.edu/report/sr/2002/scout-020628-printable.html#3

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