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The tax credit fix many can’t afford to miss

Source: https://neworleanscitybusiness.com/blog/2021/01/25/the-tax-credit-fix-many-cant-afford-to-miss/ - Jan 26, 2021

Families battered by the pandemic recession soon may discover that the tax refunds they’re counting on are dramatically smaller — or that they actually owe income tax. Congress offered a partial solution, but the fix hasn’t been widely publicized, consumer advocates say.

Refunds are crucial to many lower- and moderate-income households, which use the money to catch up on bills and medical treatments, pay down debt and boost savings.

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Category: General Business