CBS News: Millions of low-income Americans eligible for tax refund boost this year

Meanwhile,  the bigger credit comes at a welcome time for many Americans, as roaring inflation consumes most of low-wage workers’ pay gains.

“While these folks without dependent children may not be faced with the cost of childcare, they’re definitely paying more for food, for gas, for rent. For these folks, these necessities may be out of reach,” Aidan Davis, senior state policy analyst at the Institute on Taxation and Economic Policy, told CBS MoneyWatch. Read more

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