Without a change, millions of parents could be in for a surprise when they file their tax returns.
are rightly celebrated for lifting millions of children out of poverty, and the CTC expansion this year has significantly reduced food insufficiency among families,” said Abby Shafroth, staff attorney at the National Consumer Law Center. “But the Treasury Department’s practice ofto collect government debt puts millions of low-income families at risk of losing these critical lifelines.”
More than 100 organizations, including the National Consumer Law Center , The Center for Law and Social Policy and The Institute for College Access & Success senton Thursday urging U.S. Treasury Secretary Janet Yellen and the Treasury Department to protect the funds from seizures for old debts, known as “offsets.”
“People rely on for much-needed necessities. It is cruel that families can lose these vital tax credits to offsets,” said Maryann Broxton of the Center for Law and Social Policy . “We encourage the Department of the Treasury to ensure these vital supports reach families with lower incomes by excluding CTC and EITC refunds from being offset.”
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