The Impact on Low-Income Families of the Earned Income Tax Credit and Refund Anticipation Loans (JAN)

The federal Earned Income Tax Credit (EITC) has a significant economic impact in Arkansas. Twenty-two percent of all Arkansas tax filers, or almost 300,000 families, claimed the EITC in 2007. The EITC brought $629 million directly to the Arkansas economy—an average of $2,213 per family.