The Atlantic: How the Tax-Prep Industry Takes Advantage of Low-Income Filers
The Atlantic’s Gillian B. White wrote about the PPI’s recent report on the exploitation of low income workers by tax preparation services.
The Earned Income Tax Credit program has become one of the largest national anti-poverty programs in the country, distributing about $67 billion to around 28 million low-income workers and their families. By that measure, it may seem the EITC, implemented in 1975, is a success. But a recent study from Johns Hopkins finds that the dubious practices of some tax preparers mean that many families are losing a sizeable chunk of their annual credit to tax professionals who, aware of how much money was in play, didn’t hesitate to charge qualifying families excessive amounts for help filing.”
Continue the article at The Atlantic.