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The Anti|Poverty and Income|Boosting Impacts of the Enhanced CTC


The Anti-Poverty and Income-Boosting Impacts of the Enhanced CTC

The temporary Child Tax Credit (CTC) expansion that President Biden signed into law helped drive child poverty to a record low of 5.2 percent in 2021.

The antipoverty effects of the expanded Child Tax Credit across states

Moreover, the CTC benefit's monthly delivery likely reduced volatility in income and poverty; research has shown that volatility compromises ...

Record Rise in Poverty Highlights Importance of Child Tax Credit

Policy choices that reduce poverty — or allow poverty to surge — matter. When low-income families receive more income assistance, babies are ...

About 16 Million Children in Low-Income Families Would Gain in ...

When the expansion is fully in effect, it would lift some 500,000 or more children above the poverty line. About 5 million more children would ...

The effects of the expanded Child Tax Credit on low-income families ...

The expanded child tax credit improved the living situations of low-income families by reducing food, material, and medical hardships.

The Initial Effects of the Expanded Child Tax Credit on Material ...

Even with imperfect coverage, we find that the first monthly CTC payments strongly reduced food insufficiency among low-income households with

Assessing the Potential Employment and Poverty-Reduction Effects ...

When the ARP last modified the CTC, income and substitution effects ... better understand the work disincentives and anti-poverty effects of a CTC expansion.

The Antipoverty Effects of the Expanded Child Tax Credit across States

The 2021 expanded CTC extended full refundability to families with little or no taxable income. Adults with young children between 0 and 5 years ...

How did the 2021 American Rescue Plan Act Change the Child Tax ...

In addition, some families improved their financial well-being by using the CTC to save and pay off debt. Black and Hispanic/Latine adults and low-income adults ...

The Impact of the 2021 Expanded Child Tax Credit on Child Poverty

This paper examines the impact of the expanded Child Tax Credit on child poverty. We find that the Child Tax Credit lifted 2.9 million children out of poverty.

Child Tax Credit - Center on Poverty and Social Policy

This research tracks the effects of this expansion across a range of indicators, including: child poverty; food, financial, and material hardship; family income ...

RESEARCH BRIEF - Expanded Child Tax Credits

This brief provides key information anti-hunger and nutrition stakeholders need to know about the 2021 expanded CTC, its impact on households with children ...

Assessing the Potential Employment and Poverty-Reduction Effects ...

The immediate benefits of a CTC expansion include reducing child poverty and boosting ... expanded CTC affect workforce participation? The ...

We've been fighting poverty all wrong - Vox

The expanded CTC is estimated to have reduced child poverty rates anywhere from 29 percent to 43 percent, with the vast majority of that drop attributable to ...

How a Permanent Expansion of the Child Tax Credit Could Affect ...

Our results show how, absent other changes, the expanded CTC would change the incomes of recipient families and affect their poverty status. If the extra income ...

NBER WORKING PAPER SERIES THE ANTI-POVERTY ...

“Using Linked Survey and Administrative Data to. Better Measure Income: Implications for Poverty, Program Effectiveness, and Holes in the ... income effect from ...

The expanded child tax credit briefly slashed child poverty - NPR

Overall, Curran tells NPR, the "monthly child tax credit payments have, in effect, by the end of their six months, reduced child poverty in the ...

A Pro-Taxpayer, Anti-Poverty, and Fiscally Sound Path Forward on ...

... impact an expanded CTC would have on reducing child poverty. On the other end of the work/income debate, experts like Foundation for ...

Making CTC and EITC Expansions Permanent Would Reduce ...

The child tax credit and earned income tax credit benefit low-income and working families, help families get back to work, and promote ...

States are Boosting Economic Security with Child Tax Credits in 2023

This expanded version of the federal CTC in 2021 was wildly successful in reducing child poverty, cutting it by 46 percent by lifting 3.7 ...