Rusell Simmons, Jackson Hewitt Team Up For Taxes

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


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.