(People with low incomes — under $40,000 a year for unmarried taxpayers and $60,000 for married couples — generally won’t have to repay advance payments if they are ineligible in 2021 because of a change in the number of qualifying children, according to a report from the Congressional Research Service.)Also, some families prefer to receive a large refund when they file their tax returns as a sort of forced savings plan, said Joanna Ain, associate director of policy with Prosperity Now, a nonprofit organization that promotes financial security for low-income people.“Their tax refund is the only time they see that kind of …
