Russell Simmons and Rush Communications have partnered with Jackson Hewitt, the nation’s second largest tax preparation company. The partnership will allow 48 million Americans without traditional banking services to get access to discounted tax preparation services for the upcoming tax services. The partnership also seeks to education and inform Americans who do not have bank accounts about the IRS Earned Income Tax Credit (EITC). The EITC is a federal income tax credit for low-income workers who are eligible for and claim the credit. The credit reduces the amount of tax an individual owes, and may be returned in the form of a refund. Over $2 billion in Earned Income Tax Credits go unclaimed.
Russell Simmons and
Rush Communications have partnered with Jackson Hewitt, the nation’s second largest
tax preparation company.
The partnership
will allow 48 million Americans without traditional banking services to get
access to discounted tax preparation services for the upcoming tax services.
The partnership
also seeks to education and inform Americans who do not have bank accounts about
the IRS Earned Income Tax Credit (EITC).
The EITC is a federal
income tax credit for low-income workers who are eligible for and claim the
credit.
The credit reduces
the amount of tax an individual owes, and may be returned in the form of a refund.
Over $2 billion
in Earned Income Tax Credits go unclaimed.
