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Article by Paul Shipp of Kansas Legal Services
The number of Payday lenders has grown at an oddly rapid rate over the past few decades, mainly in low income areas. Typically these lenders market directly to low income borrowers, notably those on a steady, fixed, and certain income. Borrowers are often at or below the poverty level; many live off only fixed incomes and are elderly or disabled.
Over the last 40 years, Earned Income Tax Credit (EITC) made life better for millions of workers. You may have extra money waiting for you. If you qualify and claim the credit, it could be several thousand dollars from the IRS for some workers.
Don’t be the one in five that misses this credit!
The Earned Income Tax Credit (EITC) helps low- to moderate-income workers and families get a tax break. If you qualify, you can use the credit to reduce the taxes you owe – and maybe increase your refund.
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