CBS News: Some middle-class families will have a tax rate of zero this year — or less

The stimulus checks, CTC and EITC programs are likely to provide a 33% boost to the pre-tax incomes of the poorest 20% of Americans — a $3,590 hike per family — the Institute on Taxation and Economic Policy found earlier this year. While those three benefits provide a similar dollar amount of typical benefits to 95% of U.S. households, the impact is much greater for lower-income households because the tax credits represent a larger share of their income. Read more