Many lower- and middle-earning households may pay nothing in income taxes this year | WHAT REALLY HAPPENED X-Frame-Options: SAMEORIGIN

Many lower- and middle-earning households may pay nothing in income taxes this year

A large swath of American households may pay nothing in income taxes for 2021, a new congressional report suggests.

Taxpayers with income of less than $75,000 are projected to have, on average, no tax liability after deductions and credits when they file their 2021 returns next spring. They will also will get money back from the IRS, according to recent estimates from the nonpartisan Joint Committee on Taxation.

For taxpayers earning $75,000 to $100,000, the average income tax rate paid this year is expected to be just 1.8%.

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