| Characteristics of Users of Refund Anticipation Loans and Refund Anticipation Checks Contributor(s): Department of the Treasury (Author) |
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ISBN: 1503362337 ISBN-13: 9781503362338 Publisher: Createspace Independent Publishing Platform OUR PRICE: $16.14 Product Type: Paperback Published: January 2015 |
| Additional Information |
| BISAC Categories: - Business & Economics | Banks & Banking |
| Physical Information: 0.12" H x 8.5" W x 11.02" (0.34 lbs) 56 pages |
| Descriptions, Reviews, Etc. |
| Publisher Description: We find that among the most important characteristics influencing RAL/RAC use were lower income, young adulthood, single head-of-household filing status, receipt of the Earned Income Tax Credit (EITC), and use of a paid preparer. We also find that RALs and RACs are highly spatially concentrated and that living in the poorest communities is associated with dramatic increases in use of these products, even after controlling for a taxpayer's income and filing status. Also, for the first time, we found some unique differences in the use of RALs versus RACs according to such variables as military status. |