Quarterly Question #1: Can the 2025 Child Tax Credit Expansion Lift Millions Out of Poverty?

In early 2024, the U.S. House of Representatives passed the Tax Relief for American Families and Workers Act of 2024, a bipartisan bill aimed at expanding the federal Child Tax Credit (CTC). The bill, approved by a 357–70 vote, proposed increasing the maximum refundable CTC incrementally: from $1,800 per child in tax year 2023, toContinue reading “Quarterly Question #1: Can the 2025 Child Tax Credit Expansion Lift Millions Out of Poverty?”