CHILD AND DEPENDANT CARE TAX CREDIT

Expanded Child Tax Credit

This month, we are again making progress on one significant front in the fight against poverty. American families will begin receiving monthly Child Tax Credit checks on July 15; thanks to an expansion of the popular program in the American Rescue Plan (ARP), that was signed into law by President Biden in March with only Democratic support. The Center for Poverty and Social Policy at Columbia University projects that this provision will cut the child poverty rate in half this year.