Tag: fully refundable
![family photo](https://crr.bc.edu/wp-content/uploads/2021/10/family-photo.png)
The fate of the recent expansion of the federal child tax credit is uncertain in the ongoing budget negotiations in Congress. What is clear is that poor and low-income families are putting the increased assistance to good use. Nine out of 10 families earning less than $35,000 are spending the money on one or mor…
![Feature_child tax credit](https://crr.bc.edu/wp-content/uploads/2021/10/Feature_child-tax-credit.jpg)
The federal tax code offers a nifty tax credit to low-income workers who save for retirement. If only it reached more people. The Saver’s Credit offers what appears on its face to be a strong incentive: the IRS will return up to 50 percent of the amount low-income workers and married couples put into a…