This week, dollars are being deposited into the bank accounts of families across the country, including New Jersey. This influx of federal funds given directly to parents is predicted to cut child poverty in the Garden State by nearly one-third. To qualify, parents must have a child 17 or younger listed as deductions on their […]
Category: Federal Issues
JUNE 21, 2021, is Child Tax Credit Awareness Day
Beginning July 15, nearly all families who have filed their tax returns will begin receiving child tax credit (CTC) payments. They will receive one per month. For each of their qualifying children age 5 or younger, most parents will receive $300 per month in July, August, September, October, November and December for a total of […]
Peter Chen Explains How the COVID-19 Tax Relief Lifts Children Out of Poverty
The Federal Child Tax Credit is a historic achievement that deserves to be celebrated as a change that sets the stage for permanently eliminating child poverty.
ACNJ Statement on President Biden’s American Rescue Plan
President Biden signed into law the American Rescue Plan, a $1.9 trillion COVID-19 stimulus package, that contains unprecedented funding for kids and families, including a substantial increase in the child tax credit.
Wins for Kids in Biden’s First Executive Orders
In his first actions in the White House, President Biden signed a number of executive orders, many of which will have impacts on New Jersey children.
