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Child tax credit

Latest Census data show an increase in childhood poverty

by Matt Levin
Sep 13, 2024
Despite wage gains, lower-income families have been hit hard by inflation and the expiration of pandemic-era benefits.
In 2021, largely because of a temporary expanded child tax credit, only about 5% of children lived in poverty. Now, nearly 14% of children do.
Larry French/Getty Images for SKDK
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Election 2024

What might economic policy look like under a Harris-Walz administration?

by Sabri Ben-Achour and Nic Perez
Aug 7, 2024
Relatively unknown on the national stage, Minnesota Gov. Tim Walz has helped push through policies like universal free meals at school and a statewide child tax credit.
U.S. Vice President and Democratic Presidential candidate Kamala Harris with her running mate, Minnesota Gov. Tim Walz, at a Philadelphia rally on Tuesday.
Andrew Harnik/Getty Images
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Report shows why some kids are struggling at school

by Kimberly Adams
Jun 11, 2024
The economic life of a child at home has a direct relationship to how things go at school, per the Kids Count Data Book from the Annie E. Casey Foundation.
"Kids are not entering the classroom with their basic needs met," said Leslie Boissiere of the Annie E. Casey Foundation. "As a result of that, their academic achievement is suffering."
Sean Gallup/Getty Images
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As the expanded child tax credit draws to a close, yet another study highlights its positive impact

by Samantha Fields
Apr 20, 2022
It's been especially important to low-income families and families of color.
Studies show that many parents have used the expanded child tax credit to purchase healthier food and household necessities.  
Scott Olson/Getty Images
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Did the enhanced child tax credit really reduce household poverty?

by David Brancaccio , Chris Farrell and Jarrett Dang
Mar 24, 2022
Early studies find that the enhanced credit reduced childhood poverty and food insufficiency.
"The expanded child tax credit did not have a negative short-term employment effect that offset its documented reductions in poverty and hardship," said Chris Farrell, Marketplace senior economics contributor.
Bryan Bedder/Getty Images for ParentsTogether
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Expect a messy tax season after last year's delays

by Kristin Schwab
Jan 17, 2022
Some 6 million returns from last year have yet to be processed. Delays could snowball for seasons to come.
File your taxes early, experts advise. Delays in moving last year's returns through the system could stall processing this year.
Drew Angerer via Getty Images
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The increased child care tax credit has ended — for now

by Amanda Peacher
Jan 17, 2022
The payments typically came through about this time, but not this month. Some families had come to depend on that extra money.
A protestor and child in Brooklyn urge Congress to make the expanded child tax credit permanent in July.
Bryan Bedder/Getty Images for ParentsTogether
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Families begin the new year without child tax credit payments

by Samantha Fields
Jan 14, 2022
The one-year program increased payments and expanded eligibility to the poorest families. Congress has not moved to extend those changes. 
Child tax credit payments, a temporary part of President Joe Biden's American Rescue Plan, ended in December. Congress has not acted to renew the payments.
Bryan Bedder/Getty Images
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Wednesday's child tax credit payments could be the last

by Samantha Fields
Dec 15, 2021
The expansion of the child tax credit was temporary and will expire at the end of the year unless Congress votes to extend it.
Children draw on a canceled check prop during a rally in Washington urging extension of the expanded child tax credit.
Alex Wong via Getty Images
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Joe Manchin is calling for a work requirement for the child tax credit. Would that be effective?

by Janet Nguyen
Oct 20, 2021
The revamped CTC provides a monthly check to families — without requiring an income.
The new child tax credit is distributed to families on a monthly basis.
AleksandarNakic/Getty Images
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