July 26, 2021

Fox: Here’s how much taxpayers can get in added federal benefits

media mention

The average American in the lowest 20% of income earners has the potential to collect a total of $3,590 from a combination of direct payments, the expanded Child Tax Credit and the expanded Earned Income Tax Credit, according to an analysis by the Institute on Taxation and Economic Policy. The analysis is based on policies implemented as part of the American Rescue Plan.

ITEP estimated that the three provisions alone would boost the income of the bottom 60% of Americans by an average 11%. Read more



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