These 16 States Are Still Offering Child Tax Credits to Help Cut Costs
According to new data released by Census Bureau, 5.2 percent of children lived in poverty in 2021, down 9.7 percent from 2020—one of the lowest rates on record. The reason for this historic low? Many economists point to the expanded child tax credit which was increased from $2,000 to $3,600 per child under 6 following the pandemic.
Unfortunately, this life-saving credit expansion expired earlier this year after the rejection of the Build Back Better act. Now, thousands of families are left in a lurch and child poverty rates are on the rise again.
Although things may seem bleak among tax credit and paid family leave rollbacks, several states are stepping in to support families.
These 16 States Are Providing Some Form of Child Tax Credit to Families in Need:
- New Jersey
- New Mexico
- New York
- North Carolina
- Rhode Island
Parents can keep current on what states are offering these credits and what the benefits and requirements are for each state by visiting CNET’s child tax credit article.
You can also learn more about how to cut your childcare costs with these five tips.