Over the course of the past six years, the Bush administration has done everything it can to alleviate the tax burden on the wealthiest taxpayers. Yet it has done little to ensure that eligible American families take advantage of tax credits specifically designed to reward their hard work and help them get ahead.

Benefits such as the dependent care tax credit, the earned income tax credit (EITC), education tax credits, and the saver’s credit are among the federal government’s most effective tools to help American families afford to raise their children, pay for higher education, and save for retirement. Yet each year millions of these taxpayers do not claim the credits for which they are eligible, leaving billions of tax credit dollars on the table.

For the full text of this report, please click on the file listed under "Related Resources."

 

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Families Missing Out on Billions of Unclaimed Tax Credits

 Over the course of the past six years, the Bush administration has done everything it can to alleviate the tax burden on the wealthiest taxpayers. Yet it has done little to ensure that eligible American families take advantage of tax credits specifically designed to reward their hard work and help them get ahead.

Benefits such as the dependent care tax credit, the earned income tax credit (EITC), education tax credits, and the saver’s credit are among the federal government’s most effective tools to help American families afford to raise their children, pay for higher education, and save for retirement. Yet each year millions of these taxpayers do not claim the credits for which they are eligible, leaving billions of tax credit dollars on the table.

For the full text of this report, please click on the file listed under "Related Resources."