US Households Paying No Income Tax Hit 61 Percent of Total in 2020

US Households Paying No Income Tax Hit 61 Percent of Total in 2020
A copy of a IRS 1040 tax form is seen at an H&R Block office in Miami, Fla., on Dec. 22, 2017. Joe Raedle/Getty Images
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By Laura Davison From Bloomberg News

Nearly 61 percent of U.S households paid no federal income taxes during pandemic-stricken year of 2020, because of declines in income and boosts to government subsidies that wiped away tax liabilities, according to data from the Urban-Brookings Tax Policy Center.